Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Daily “Ways-to-Play” The News Before the Moves 1/05/2010

Sign up for our Daily “Ways-to-Play” Email Today

Dave Rosenberg Gluskin Sheff 01/04/2010
REVIEWING SOME 2010 MACRO AND MARKET THEMES Everyone is pre-occupied with the Fed’s exit strategy this year. But there is no such strategy because it is evident that the economy will never be able to recover without sustained doses of government stimulus. Interest rates are either going to be in a trading range or trend lower. We had mentioned emphatically a month ago that the Treasury market was at near-term risk, but looking ahead, bull flatteners in bonds are very likely goi sell S&P 500 SPDR (NYSEARCA:SPY) buy streetTRACKS Gold Trust (NYSEARCA:GLD) sell iShares S&P 500 (NYSEARCA:IVV); Check out how others are using ETFs to capitalize on this news or add your own opinion
Harvard’s Feldstein: Economy Might Run Out of Steam in ‘10
By Michael S. Derby Veteran economist Martin Feldstein, of Harvard University, is not sure the U.S. economy will escape a second trip back into recession in the new year. Feldstein, who is also the emeritus president of the business cycle dating organization the National Bureau of Economic Research, tied this risk of a renewed downturn after the worst recession in decades to a poorly conceived government stimulus effort. sell DJIA DIAMONDS (NYSEARCA:DIA) buy UltraShort S&P 500 ProShares (NYSEARCA:SDS) sell S&P 500 SPDR (SPY); Check out how others are using ETFs to capitalize on this news or add your own opinion
Shipyards face rash of insolvencies
"The shipbuilding industry looks set for a rash of insolvencies as one of the sharpest-ever collapses in order levels combines with banks’ reluctance to finance ship construction to starve many yards of cash."- Could support existing ship prices, less chance for oversupply. buy Claymore/Delta Global Shipping Index ETF (NYSEARCA:SEA); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Fund Monthly Update
Zweig Fund Monthly Update buy Zweig Fund (NYSE:ZF); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Fund Declares Distribution
Zweig Fund Declares Distribution buy Zweig Fund (ZF); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Total Return Fund Monthly Report
Zweig Total Return Fund Monthly Report buy Zweig Total Return Fund (NYSE:ZTR); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Total Return Fund Declares Distribution
Zweig Total Return Fund Declares Distribution buy Zweig Total Return Fund (ZTR); Check out how others are using ETFs to capitalize on this news or add your own opinion
Blackstone’s Wien Sees GDP Growth, Unchanged Stocks
Jan. 4 (Bloomberg) -- Blackstone Group LP’s Byron Wien, who correctly predicted rallies in equities, gold and oil last year, said U.S. gross domestic product will expand almost twice as fast as economists forecast in 2010 while the Standard & Poor’s 500 Index ends the year unchanged. buy PowerShares DB US Dollar Index Bullish Fund (NYSEARCA:UUP) buy SPDR-Financial (NYSEARCA:XLF) buy iShares DJ US Financial Sector (NYSEARCA:IYF) buy iShares MSCI-Japan (NYSEARCA:EWJ) sellPIMCO 7-15 Year U.S. Treasury Index Fund (NYSEARCA:TENZ); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Total Return Fund Monthly Report Updated
Zweig Total Return Fund Monthly Report Updated buy Zweig Total Return Fund (ZTR); Check out how others are using ETFs to capitalize on this news or add your own opinion
Zweig Fund Monthly Report Updated
Zweig Fund Monthly Report Updated buy Zweig Fund (ZF); Check out how others are using ETFs to capitalize on this news or add your own opinion
Closed-End Funds and Activist Investors: What’s the Attraction?
"a basic description of why activist investors are attracted to closed-end funds and how this affects the rights of the closed-end fund shareholders" buy First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) buy Morgan Stanley High Yield Fund (NYSE:MSY) buy First Trust/Four Corners Senior Floating Rate Income Fund (FCM) buy Dreman/Claymore Dividend & Income (NYSE:DCS); Check out how others are using ETFs to capitalize on this news or add your own opinion
U.S. Credit Perspectives: Picking the Winners
"A number of corporate bonds are likely to be winners: They should outperform Treasuries in 2010 due to improving credit fundamentals and strongly supportive credit market technicals, in which demand should exceed supply, causing credit spreads for many higher-quality corporate bonds to tighten versus Treasuries. Within the credit market, select banking and financial sector bonds stand out as potential winners due to an improved outlook for asset quality and profits; healthier bal buy iShares GS $ InvesTop Corporate Bond Fund (NYSEARCA:LQD); Check out how others are using ETFs to capitalize on this news or add your own opinion
Oil and Natural Gas Diverge on Fundamentals
"Their divergent paths last year—and the gyrations in recent years—reflect fundamental forces that affect their prices but also underscore the unpredictable outlook for both commodities in months and years ahead." buy PowerShares Dynamic Oil & Gas Services Portfolio (NYSEARCA:PXJ) buy First Trust ISE-Revere Natural Gas Index Fund (NYSEARCA:FCG); Check out how others are using ETFs to capitalize on this news or add your own opinion
US public pensions face $2,000bn shortfall
This should increase muni issuance.... sell iShares S&P National Municipal Bond Fund (NYSEARCA:MUB); Check out how others are using ETFs to capitalize on this news or add your own opinion
Stocks: PXJ, FCG, MUB, LQD, MSY, FCM, DCS, ZF, ZTR, UUP, BX, XLF, IYF, EWJ, TENZ, SEA, DIA, SPY, SDS, GLD, IVV, SPY