Wednesday Outlook: Commodities, Emerging Markets

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So many markets, so little time. Many markets - commodities and overseas ones especially - are in full crash mode despite what you hear from the talking heads. Markets down between 30%-50% are crashing in by my reckoning.

Have a pleasant day.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in: XLP, UGE, XLU, SDP, IEF, TLT, UUP, DRR, DBC, DEE, GLD, DZZ, USO, XLE, EFA, EFU, EEM, EEV and FXI.

Comments

[cristian:]

What rally ? Every day now since the bailout commitment, markets start the day by bouncing up, and a feeding frenzy follows ! Investors taking profits !

2008 Sep 10 07:38 AM

[Sidj:]

September: Historically the worst month for stocks by far. Could it be happening again despite all the perma-bulls out there?

2008 Sep 10 09:13 AM

[OldLimey:]

XLI: " Congress is considering helping the auto industry. With what money?"

Just a guess, but I'd have thought it would be with YOUR money!

2008 Sep 10 10:38 AM

[DougM:]

Dave, love your column. Some possibilities re. the utilities decline:
1. Possible repeal of dividend tax rate under new president.
2. If long interest rates rise, bond-like equities could go lower.
3. Expensive renewable mandates - paid for by who?
4. Expensive grid upgrades needed - paid for by who?
And of course as you know
5. In a downtrend since last year - trend continues until it doesn't.
6. Just more stocks in the sell basket.

2008 Sep 10 10:44 AM

[User 143705:]

value what u have to say....but say it plainly...hate ur vagueness

2008 Sep 10 01:00 PM

[David Fry:]

Good points Doug.

2008 Sep 10 04:41 PM

[skwestorange:]

Add to Doug's list:
Increasing commitments to nuclear, a very expensive, and time uncertain capaital project.
General economic malaise leading to flat electric consumption, thus revnue growth for the next few quarters

2008 Sep 10 05:04 PM