Wednesday Outlook: Commodities, Emerging Markets

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The above gives you a fair sampling of the action including the past few days while I was traveling. Now our trip is finished and I look forward to writing a complete report on our findings. No question about it - a lot is taking place in the ETF space.

I’ve been waiting for a day like yesterday since, like many of you, I’ve been bewildered by the news and market response to it. The bullish bias has never been stronger and major players [trading desks, hedge funds, SWFs, etc.] have never had this much low-yielding cash to work with. Performance anxiety is also at an acute stage. It’s akin to racers at the starting line watching who will jump first; when one finally does, a stampede follows. It seems silly and it is.

There’s still Wednesday and Thursday left before things quiet down before the holiday weekend. Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in SPY, SSO, MDY, UWM, TBT, TLT, IYR, UUP and XLB.

Comments

[fatcat:]

Thank you Mr. Fry.Your post are among the best available info anywhere and without a lot of bias.Keep up the good work!

2008 May 21 08:02 AM

[User 148223:]

I echo fatcat's sentiments; your work is always appreciated.

2008 May 21 09:05 AM

[jjc7477:]

Make that three on a match. I miss you when you're out doing the travel thing!

2008 May 21 09:32 AM

[keanemd:]

Thanks for the work. It does help the trading

2008 May 21 09:35 AM

[bluesmoke:]

Yes Dave - you do excellent reporting.

2008 May 21 09:44 AM

[dc1:]

You were missed. Thanks for the info.

2008 May 21 12:44 PM

[J. Fredrickson:]

Always look forward to your posts.

2008 May 21 04:11 PM

[User 151033:]

DITTO!

2008 May 21 05:24 PM

[corey mendel:]

Great job Dave!

2008 May 23 11:33 AM