Thursday Outlook: Commodities, Emerging Markets

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We’ve complained often here regarding manipulated and misleading government data. The bottom line is not what I believe but the action of the tape even if it’s built on phony information. If folks can make money by drinking Kool Aid then “here’s looking at you kid” has to be the response.

Today we begin the always fun month of May. The “sell in May and go away” theme will be repeated in the media frequently. A review of that phenomenon is more based on “when” in May you sold when that maxim held true.

Have a pleasant day.

Disclaimer: The ETF Digest maintains positions in MOO, XLB, ILF, GML, IYR and XLE.

Comments

[Gerry Sullivan:]

Head and shoulders top on GLD at 100?
Same as gold at 1000. Big, big round number!

Remember the Dow Jones Industrials at 1000:
1966, 1968, 1972...6 years to finally get through
the 1000 number (for a couple of months).

2008 May 01 07:57 AM

[SA Editor J...:]

and it didn't really clear the 1000 level 'til 1982!

2008 May 01 07:59 AM