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ETFDesk Daily 11/6/2009

Nov. 06, 2009 9:44 PM ETUGL, GLD, IAU, FAS, IYF, XLF, XHB, UUP, IHI, SLX, ASGI, MFD, GII, TLH, QQQ, SPY, TLT, CEW
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  • The Invesco PowerShares Monthly ETF Report
  • Did someone say commission-free ETFs?
  • MARKET MUSINGS & DATA DECIPHERING: GOLD-ILOCKS
  • Bove Foresees Bank Stocks Doubling as Earnings Growth Surprises
  • House votes to expand homebuyer tax credit
  • POWERSHARES DB US DOLLAR INDEX BULLISH FUND
  • Costs Surge for Medical Devices, but Benefits Are Opaque
  • China Protests U.S. Steel Duties, Starts Probe on American Cars
  • Transurban spurns A$6.8bn Canadian bid
  • Nobel Laureate Phelps Says U.S. Recovery Will ‘Run Out of Gas’
  • How to fill the gaps left by dollar decline
  • U.S. jobless rate "deeper" problem: PIMCO


The Invesco PowerShares Monthly ETF Report

Posted: 05 Nov 2009 01:40 AM PST

Market Performance: Month of October Strategy Focus: Fundamental Indexes: What are you weighting for? ETFs in Focus: PowerShares FTSE RAFI US 1500, Small-Mid Portfolio (PRFZ), PowerShares FTSE RAFI Developed Markets ex-U.S. Small-Mid Portfolio (PDN) PowerShares ETF Highlights

Check out how others are using ETFs to capitalize on this news or add your own opinion

Did someone say commission-free ETFs?

Posted: 05 Nov 2009 02:53 AM PST

In fact, four such funds were launched on Wednesday: The Schwab US Broad Market ETF, The Schwab US Large Cap ETF, The Schwab Small-Cap ETF and The Schwab International Equity ETF.

Check out how others are using ETFs to capitalize on this news or add your own opinion

MARKET MUSINGS & DATA DECIPHERING: GOLD-ILOCKS

Posted: 05 Nov 2009 03:29 AM PST

We are still contemplating the massive gold purchase by the Reserve Bank of India — the largest in at least 30 years that took up half of what the IMF intends to sell. Look for China to come in next.

ETFDesk users see this as a potential opportunity to:
buy iShares COMEX Gold Trust; buy streetTRACKS Gold Trust; buy ProShares Ultra Gold;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Bove Foresees Bank Stocks Doubling as Earnings Growth Surprises

Posted: 05 Nov 2009 04:24 AM PST

Nov. 5 (Bloomberg) -- Banks that led the eight-month rally in U.S. stocks will double by the end of next year as investors bet on a recovery in profits, according to Dick Bove.

ETFDesk users see this as a potential opportunity to:
buy KBW Bank ETF; buy SPDR-Financial; buy iShares DJ US Financial Sector;buy Rydex 2x S&P Select Sector Financial ETF; buy Direxion Financial Bull 3x Shares;

Check out how others are using ETFs to capitalize on this news or add your own opinion

House votes to expand homebuyer tax credit

Posted: 05 Nov 2009 06:31 AM PST

The House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes.

ETFDesk users see this as a potential opportunity to:
buy SPDR S&P Homebuilders ETF;

Check out how others are using ETFs to capitalize on this news or add your own opinion

POWERSHARES DB US DOLLAR INDEX BULLISH FUND

Posted: 05 Nov 2009 07:02 AM PST

DB Commodity Services LLC today announced it has filed a registration statement with the US Securities and Exchange Commission (SEC) to register 100,000,000 additional shares of PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) in order to meet investor demand. Creations of new shares in the fund are temporarily suspended pending clearance of the registration statement by the SEC, the Financial Industry Regulatory Authority and the National Futures Association and decla

ETFDesk users see this as a potential opportunity to:
buy PowerShares DB US Dollar Index Bullish Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Costs Surge for Medical Devices, but Benefits Are Opaque

Posted: 05 Nov 2009 08:14 AM PST

doctors keep implanting costly defibrillators in patients who may not benefit from them. And doctors and patients have no way of knowing whether one producer’s model performs better than a competitor’s...Good for medical device co's, bad for taxpayers...

ETFDesk users see this as a potential opportunity to:
buy iShares Dow Jones U.S. Medical Devices Index Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

China Protests U.S. Steel Duties, Starts Probe on American Cars

Posted: 05 Nov 2009 10:54 PM PST

China protested U.S. duties on steel pipes and announced the start of an anti-dumping probe into American carmakers as trade tensions escalate ahead of President Barack Obama’s first visit to the nation this month.

ETFDesk users see this as a potential opportunity to:
buy Market Vectors Steel Index Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Transurban spurns A$6.8bn Canadian bid

Posted: 05 Nov 2009 11:01 PM PST

Transurban, owner of toll roads in Australia and the US, said it had rejected a A$6.8bn (US$6.1bn) takeover proposal on Thursday from two Canadian pension schemes on the grounds it undervalued the group.

ETFDesk users see this as a potential opportunity to:
buy SPDR FTSE/Macquarie Global Infrastructure 100 ETF; buy Macquarie/First Trust Global Infrastructure/Util Dividend & Income; buy Macquarie Global Infr Total Return;

Check out how others are using ETFs to capitalize on this news or add your own opinion

Nobel Laureate Phelps Says U.S. Recovery Will ‘Run Out of Gas’

Posted: 06 Nov 2009 12:14 AM PST

Nov. 6 (Bloomberg) -- The U.S. economic recovery will probably “run out of gas” as it heads toward a “new normal” of lower long-term growth and higher unemployment than over the previous decade, Nobel laureate Edmund Phelps said.

ETFDesk users see this as a potential opportunity to:
sell DJIA DIAMONDS; buy iShares Lehman 20+ Year Treasury Bond Fund; sellS&P 500 SPDR; sell Nasdaq-100 Index Tracking Stock; buy iShares Lehman 10-20 Year Treasury Bond Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

How to fill the gaps left by dollar decline

Posted: 06 Nov 2009 12:28 AM PST

A couple of decades ago, Charles Kindleberger, the economist best known today as the author of Manias, Panics and Crashes , identified five public goods that support a growth-oriented global economy: (1) acting as a consumer of last resort, (2) coordinating macro-economic policies, (3) supporting a stable system of exchange rates, (4) acting as a lender of last resort, and (5) providing counter-cyclical long-term lending.

ETFDesk users see this as a potential opportunity to: buy WisdomTree Dreyfus Emerging Currency Fund;

Check out how others are using ETFs to capitalize on this news or add your own opinion

U.S. jobless rate "deeper" problem: PIMCO

Posted: 06 Nov 2009 12:36 AM PST

NEW YORK (Reuters) - The U.S. unemployment rate, which rose more than expected in October to 10.2 percent, confirms a "deeper and more protracted" problem in the labor market, Mohamed El-Erian, chief executive of bond giant Pacific Investment Management Co (PIMCO), said in an interview on Friday.

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