MidCap SPDRs (MDY)

All Comments on MDY

  • commenter
    ecklebob
    May 18 08:09 AM
    Everything You Wanted To Know About This Week's Market (But Were Afraid To Look At Too Closely) [view article]
    EXCELLENT article! Reply
  • commenter
    fatcat
    May 18 12:11 AM
    Everything You Wanted To Know About This Week's Market (But Were Afraid To Look At Too Closely) [view article]
    There seem to be other forces at work here.While I agree on much of what the author says,the institutions still cannot remain in cash for long regardless of what the economic trends tell them. This is a growing part of the investment community and it takes the bite out of speculators and individual investors ability to move markets based on sound fundamentals.

    Truth is,this market is probably 35% or more,overvalued ,if you use common sense ,instead of hyped thinking.I just can't find it in my heart to go long now.     Reply
  • commenter
    Nate C
    May 17 09:05 PM
    Everything You Wanted To Know About This Week's Market (But Were Afraid To Look At Too Closely) [view article]
    Great article. I am glad to read that I am not the only person who believes that the US is entering a prolonged period of stagflation. The Fed governors say it will never happen along with the market pundits. They say that there is no inflation because housing prices are declining. They even claim that the US is experiencing deflation. LOL!! Accoring to the fake government numbers, gasoline prices actually declined in April even though April gasoline futures went from 3.26 to 3.49. The worst part is that the market seems to believe the government numbers. Reply
  • commenter
    User 141585
    May 15 04:27 PM
    Thursday Outlook: No Inflation? Who Knew?! [view article]
    David Fry:
    Enjoy your posts but wonder about the value of tracking the QQQQ based on David Jackson's analysis of it excerpted below:

    "the NASDAQ 100 is a slightly unusual index that makes its popularity baffling. It’s dominated by large capitalization technology stocks, but it’s not a pure technology index. In fact, it excludes some of the largest US technology stocks, such as IBM and HPQ, which are traded on the New York Stock Exchange. As a result, if you want to make a concentrated sector investment in technology stocks you’re better off buying the Technology Sector ETF, ticker (XLK).

    Moreover, many NASDAQ 100 stocks also appear in the S&P 500, so if you hold both QQQQ and IVV (or SPY) you have significant overlap in your portfolio.

    And finally, a more conceptual point: there seem to be many suitable criteria for inclusion in a stock index (such as market cap, industry sector, or growth/value), but which exchange the stock is traded on doesn’t seem to me to be one of them. QQQQ, which tracks 100 stocks traded on the NASDAQ exchange, is thus a weird beast."
    (seekingalpha.com/artic...)
    Reply
  • commenter
    OJO Zafado
    May 15 01:41 PM
    Thursday Outlook: No Inflation? Who Knew?! [view article]
    Widbey~`` I do not follow your logic on the bond market. Only those locked into bond funds and long term bonds will see significant deterioration. J M Keynes once observed, "When the situation changes, I change my mind. What do you do?" I am 80% in bonds and use my excess income over my distributions to invest in the equities. Once a year I take a harvest of 2-3% of my equity portfolio and drop it back into bonds. I am doing quite nicely here at the S&P-1400 having not lost any money in my portfolio since 1/2007. I am up by less than 1% but I have taken distributions at 4.6% so I am ahead by over $60K in distributions. The thing to do is to have a bond ladder that you keep short to less than 6 years. You minimize the amount you bar bell out to the long term for higher yield to less than 15%. In this fashion you have constant maturities. I am significantly improving my yield in this envirionment. As more than half of my bonds in this year's rung have matured and rates have been ridiculously low on "safe" issuances, I have temporarily switched into Subordinated debt securities. The BAC '12 bonds yield less than 4%. The BAC-PRE pays out 5.4% not much of a premium except it is adjustable and sells substantialy below par and it's default coupon. The FBF-PrN (BAC) also way below par yields 6.8%. combined you get a great yield with inflation protection of sorts. The same for the FNM-PrP at 6.3% adjustable and UBS-PrD . With some severly discounted HJJ (Goldman Sachs) you add on some more +7% yield. The PYI, MSJ, USB-PrE, C-PrF and WB-PrS are all up there in the 7.25% to 8% yield. Of course these are long instruments but their quality is superb. Many have short term call dates. I continue to build my hedge in DXKSX to hedge their valuations. I have indeed changed from the < than 6 year bond ladder model but the situation is changing. The premium in yield is just too compelling in these subordinated high quality debt issuances. This is good news for income investors as many of these like the PYI, FBF-PrN and HJJ have short call dates and if called will reap a windfall, in gain for the investor. I am also holding fully funded ladder rungs through 2011. As soon as the ten year bond rate gets up above 5.5% I will start filling my '12 and '13 ladder rungs again. This is of course very bad news for the common shareholders of these great companies as some newbie investors jump in line in front of them causing them to havce their dividends and future dividend increases substantially reduced. A good deal for one investor almost always means some other investor is being diadvantaged! Reply
  • commenter
    OJO Zafado
    May 15 12:52 PM
    Thursday Outlook: No Inflation? Who Knew?! [view article]
    Alot of charts. No sign of the charts for SDS or PST. Of course PST just started trading. The mutual fund of the same strategy has been doing quite nicely the last few weeks. It seems to have made a confirmed turn up. Does anyone really believe now that as oil and precious metals have become currencies via ETFs in their own right, the US 10 year Treasury bond can stand up going forward. There is certainly more The Republic of Check rebate economic policy comming. States and local are already feeling the pinch as COLA costs are driving up wages and benefits while at the same time the States are no longer recieving the Federal Medicaid mony. The FEd last week incresed the TAF to $75 billion and the TRCA to a whopping $100 billion. A good thing too as there were three more European banks writing down another combined +10 billion on Monday morning. The real kicker was after cooking the inflation #s this week the Treasury decided they had best come clean and reported the TIC for March to be a minus $47 billion. This is not so bad untill compared to the average monthly TIC which has been generally positive and last months ~$65 billion plus TIC. So you have an actual reverse "Corporal Parmenter" effect totalling $100billion. Who can blame the Chinese for not renewing their expiring treasury notes as they have their own Strat petroleum reserve to fill. They have also previously announced that they intended to Quad their Central bank holdings in Gold. Maybe as the worlds largest miner producer they can make half of that increase from in house production. Meanwhile McCain is arguing with Hillary as to who can give away more tax money and cut taxes more while dealing responsibly with the severe Near year" shortfalls in the the bommers Social security funds. Not much chance that the generation that has paid in the most money to date into the system will not execise their right to a fair return and Colas at the ballot box. I thank the author for his concise conclusion "For the rest of 2008...." Did anyone notice the pesky Loonie AKA "Petrel" went back above par again today? I agree with his sentiments and would strongly recommend GDX,GLD,SLV, PMY,DBA,MOO,ENY,USO, UHN, as well as the still grossly undervalued huge dividend paying EVDVF/EIN/TSX. Just own them all, with the RJI! Do not over lok the true bargain basement ETFs NLR& CUT. 2 asset classes that have yet to participate in this great commodities boom! Hey who isn't going to need toilet paper? in the comming US economic collapse and bad years? Imagine the TRCA $100 billion... a few key strokes and hit enter! There goes a $100 billion off to the ECB and SNB! Think of all the money, electronic money is saving the taxpayers by not having to pay for printing that much cash. Anyone know when the ATM's will start kicking out the $50s? Reply
  • commenter
    zooey
    May 15 12:27 PM
    Thursday Outlook: No Inflation? Who Knew?! [view article]
    The consequences of a generally rising bond rate are not pleasant to contemplate for a growing retired US/Global population. But I agree the trend is up, and for retired folks it means loss of principal in fixed income funds, probably not offset by interest income which may not keep up with inflation in any case. Moreover, any income will be taxed except for Roth owners (maybe). Shift to Roth and pay the tax now? Is that a fair definition of the choices open to the retired? Further, such choices will not be mitigated by "diversification to taste" as the writer above suggests.

    It will prove cheaper to the governments involved to lower tax rates on the retired. Of course that will require a cut in federal expenditures. The earth must move and it appears that few, if any, of the politicians have noticed the coming upheaval involved in a repricing of risk.     Reply
  • commenter
    sorgmot
    May 15 11:46 AM
    My Website
    Thursday Outlook: No Inflation? Who Knew?! [view article]
    Great graphs. Its all there. Well maybe not quite all, how about commodities and foreign currencies?

    Our estimate is that USA interest rates are in long term upward trends begun in 2003 and capping in 2050.

    The USA interest rate run up will do the same damage to USA asset prices (bonds, stocks, real estate, and USA dollar exchange rates and commodity buying power) as did the period from 1933 to 1980. For bonds, stocks, and real estate, the price to earnings ratios will fall. For commodities and foreign currencies, their prices will rise in term of USA dollars.

    For the rest of 2008, we expect the trends that your charts show to stay in force. Stocks down from May 19th to September 2008. And, in that period USA interest rates up, USA bonds and real estate dollar prices go down. Also, commodities and foreign currencies to go up in USA dollars, now to September 2008.

    These are guesses based on our readings of Elliott waves in extended versions of graphs like those you show. With USA business cycle periodicity also considered.

    These expectations can all be changed in an instant by one or more exogenous events. Always diversity and alway see you financial adviser to design a portfolio appropriate to your particular financial circumstances and needs.     Reply
  • commenter
    ETF Wanderer
    May 13 12:23 PM
    My Website
    Exchange-Traded Funds and Closed-End Funds by Asset Class, Type and Provider [view article]
    can you please update this list? thanks. Reply
  • commenter
    omooc
    May 09 09:34 PM
    My Website
    ETF Fund Flows (Week Ending 5/2/08) [view article]
    Excellent presentation. It would be even better were it more timely. A minor suggestion: present data in million $ -- this makes reading easier. Thanks for your service. omooc Reply
  • commenter
    Dave71
    May 09 02:30 PM
    Tuesday Outlook: Unremarkable Volume, Breadth [view article]
    A quick question...

    What happenned to my DBA Powershares? Trading halted? Can't find any info.

    Regards,

    Dave

     Reply
  • commenter
    David Fry
    May 07 04:09 PM
    Wednesday Outlook: The Bad News Is the Good News [view article]
    karchad, let's see...........3 year "total return" on DVY 2.2% and 1 year at [15.92%].......how'd you do 10% a year? I'm all ears!

    Reply
  • commenter
    karchad
    May 07 01:35 PM
    Wednesday Outlook: The Bad News Is the Good News [view article]
    I've been in DVY since 11/2003, and have an annualized yield still of just over 10%. Like any other investment, if you buy at the top, you suffer. If you buy decently, you can weather the bad times (and in fact buy more at low points). So his comment on DVY is a bit off. Reply
  • commenter
    zooey
    May 07 01:19 PM
    Wednesday Outlook: The Bad News Is the Good News [view article]
    David is overly bearish. Of course things are not looking good, but one must see the potentials in the US market. Personally I am just buying C$ and metals because, will, I am a little fearful the government (read Congress) robbing us again (10 to the 5th time). This can only happen when a corrupt government panders to an even more corrupt electorate. As the bard said, "We met the energy and he is us." Reply
  • commenter
    stevepluvia
    May 07 01:06 PM
    My Website
    Wednesday Outlook: The Bad News Is the Good News [view article]
    David, historically you cannot mix TA with fundamental analysis. Use one or the other. Trying to justify TA with fundamentals is [and always has been] a futile exercise. Reply
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