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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)
  • CENTRAL BANKS PROP EURO? 0 comments
    May 17, 2010 7:09 PM | about stocks: MDY, IWM, QQQ, XLF, C, XLI, XLV, XLB, XLY, IYR, IYT, IEF, TLT, TIP, FXE, GLD, DBC, XLE, DBB, BOM, JJC, DBA, EFA, EEM, EWJ, EWY, EWA, EWC, EWZ, RSX, EPI, FXI, SPY

    CENTRAL BANKS PROP EURO?

    The word going around the street was central banks were intervening in currency markets driving the euro higher and with it U.S. stocks. U.S. stocks erased heavy early losses (the Dow down nearly 200 points) as the euro and stock markets were locked in a tango. Central banks know the immediate effect of what they’re doing and the impact it will have on markets. They’ll continue to do this as long as they have ink and reams of paper for printing presses. So fight with them at your peril.

    I wrote over the weekend and tweeted today that markets had been up 34 of the last 37 Mondays. This phenomenon is also known as “Mutual Fund Monday” where large amounts of money flow into markets. Naturally, this looked much in doubt early, but the cavalry charge by Da Boyz and....READ MORE! 

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    Stocks: MDY, IWM, QQQ, XLF, C, XLI, XLV, XLB, XLY, IYR, IYT, IEF, TLT, TIP, FXE, GLD, DBC, XLE, DBB, BOM, JJC, DBA, EFA, EEM, EWJ, EWY, EWA, EWC, EWZ, RSX, EPI, FXI, SPY
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