Seeking Alpha

David Fry's  Instablog

David Fry
  • on ETF Quick Picks And Lists
9,729 Followers
0 Following
Send Message
David Fry writes a subscription newsletter focused on technical analysis of exchange-traded funds, called ETF Digest (www.etfdigest.com). Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and... More
My company:
ETF Digest
My blog:
Dave's Daily
My book:
The Best ETFs: U.S. Equities (A Companion Guide To Building Your ETF Portfolio)
View David Fry's Instablogs on:
  • POST FED DAY TURNAROUND

    December 17, 2009

     

     

    POST FED DAY TURNAROUND

     

    It’s always more interesting when coincidences abound.  Time names Bernanke “Man of the Year” the day before his senate confirmation hearings.  The current Queen of Wall Street, Meredith Whitney cuts earnings estimates on Goldman Sachs and Morgan Stanley the day of Citigroup’s humongous but poorly received secondary issue.  This issue was designed to pay-off TARP debt which allowed the company to pay whatever bonuses they wished.  But, it had the result of diluting shareholders and screwing taxpayers who own a one third of the company.  The COMEX raised margin requirements yesterday on gold positions to “curb speculation” while insider J.P. Morgan maintains a large short position—gold crumbles.  The dollar rallies as troubles percolate throughout the euro zone (Greece, Italy and Spain) making Uncle Buck the best house in a bad neighborhood. 

     

    Elsewhere, FedEx says things are looking great but posted worse than expected numbers; Jobless Claims were worse than....

    READ MORE!

    Sign up to receive free Dave's Daily notifications sent to your email address only at http://www.etfdigest.com


     

    Dec 17 7:10 PM | Link | Comment!
  • FROM BEE GEE WANNABE TO MAN OF THE YEAR

    December 16, 2009

     

     

    FROM BEE GEE WANNABE TO MAN OF THE YEAR

     

    Away from commodity markets it was a rather dull Fed day.  I wonder if Ben sometimes wishes he was still kind of a disco sort of guy.  Is that cooler than being Time’s Man of the Year? 

     

    Anyway, the Fed didn’t say much to surprise investors and markets were sold into the close.

     

    Other news today was the CPI coming in about as expected and Housing Starts were also as expected with the exception of greater permits being issued given warm November weather.

     

    Elsewhere Greece had its credit rating cut and more downgrades are possible about the globe. 

    READ MORE!

    Sign up to receive free Dave's Daily notifications sent to your email address.
    Dec 16 6:54 PM | Link | Comment!
  • WAITING FOR THE BEARD

    December 15, 2009

    openingimage


    WAITING FOR THE BEARD

    I usually don’t post on the day before a Fed announcement as generally there are reactions to it.

     

    Volume was light and investors sold financials (credit card debt write-offs not to mention secondary and dilutive share offerings from WFC) rallied the dollar, homebuilder woes continued, the PPI was a disaster (even at the “core”), and interest rates rose.


    READ MORE

    Sign up and receive free Dave's Daily notifications sent to your email address.

    Dec 15 5:14 PM | Link | 3 Comments
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Posts by Themes
AAPL, Actively Managed ETFs, Africa, AG, Agricultural Commodity ETFs, Algo, Algos, Alt ETFs, Alternative ETFs, Apple, Argentina, Asia, Australia, Banks, Base Metals, Basic Materials, Ben Bernanke, Bernanke, Bill Gross, Bonds, bonds, Bonds ETF, Brazil, BRIC, Chile, China, China Economy, China ETFs, Chinese, Chinese ETFs, Colombia, Commodities, Commodities , Commodity ETFs, Commodity Producer ETFs, Copper, Copper , Corporate Bonds, COT report, Crude Oil, CSI 300, Currencies, Currency, DeMark , Direct Energy, Dividend ETFs, Dollar, dollar index, Dollar Index, earnings,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.