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David Fry
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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)
  • WHEN THE FED TURNS OFF THE TAP 0 comments
    Mar 17, 2010 7:00 PM | about stocks: SPY, RSP, VTI, MDY, IWM, QQQ, XLY, XRT, XLF, KBE, KRE, SMH, XLI, XLB, IYT, IYR, DVY, IEF, TLT, FXE, GLD, DBC, UNG, XLE, JJC, XME, DBA, EFA, EEM, EWA, EWZ, BRF, RSX, EPI, FXI

    March 17, 2010

     

     
    WHEN THE FED TURNS OFF THE TAP


    We’re seeing follow-through from bulls which gives sympathetic headline writers plenty of material.  For me, I’m with this guy who states current conditions better than me—besides he saves me time. Just remember, assuming they’re true to their word; the Fed will stop buying mortgage-backed securities (cash for toxic waste) at the end of this month.  But, all these Fed activities are the reason all ships have risen with this tide.

    This means a large amount of liquidity for Da Boyz should dry-up. 

    The primary reason markets are where they are is due to this overwhelming money printing the Fed has then injected to banks and others.  It has led to low volume rallies as Main Street isn’t an eligible beneficiary of this largesse and hasn’t participated.  Of course you can accept the trickle-down effect where your 401K is now in better shape.

     Markets are overbought from virtually every view and indicator....READ MORE!

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

    Stocks: SPY, RSP, VTI, MDY, IWM, QQQ, XLY, XRT, XLF, KBE, KRE, SMH, XLI, XLB, IYT, IYR, DVY, IEF, TLT, FXE, GLD, DBC, UNG, XLE, JJC, XME, DBA, EFA, EEM, EWA, EWZ, BRF, RSX, EPI, FXI
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