EricPeterson

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    • Mon Oct 13th 15:51 PM | Rating: 0 0
      Commented on:
      ProShares Short Emerging Markets ETF: Demand Continues to Grow
      Interesting that this article appears on a day that EEV lost 37%. Maybe a record one-day loss for EEV?
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    • Mon Jul 21st 10:01 AM | Rating: 0 0
      Commented on:
      Why I'm Committed to the UltraShort Financials ETF
      Ames Tiedeman wrote: "SKF is a now a buy or near a buy. The financial mess is not over." The question is not whether the financial mess is over yet. The question is, will it be worse than people expect it to be. People already expect it to be pretty bad. The expectations are already in the stock prices.
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    • Mon Jul 21st 09:57 AM | Rating: 0 0
      Commented on:
      Why I'm Committed to the UltraShort Financials ETF
      The article was posted the morning after SKF made its all-time high above 211. Now it's trading 3 days later at 131. Have to have a strong stomach to ride it down $80 a share. Next time I might use this author's article as a contrarian signal :)
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    • Wed Jul 16th 16:08 PM | Rating: 0 0
      Commented on:
      Why I'm Committed to the UltraShort Financials ETF
      "Disclosure: Long SKF, SDS, DBO, GLD, GOLDX, SZK and DAG."

      Well then ... I guess this was one of the worst days of your life in the market.
      View article »
    • Sun May 11th 21:23 PM | Rating: 0 0
      Commented on:
      International ETF Update: Israel, Russia, Turkey
      RNE is a closed-end fund, not an ETF, but yes, it should be mentioned along with Templeton Russia Fund (TRF), another closed-end fund. RNE and TRF are more Russia-based than CEE, the only closed-end fund mentioned in the article.

      CEE has a lot more than 27.7% in Russia. Its largest holding, Gazprom EDR, trades in the UK so it's not listed as Russia, but clearly it's Russia. Some other CEE unclassified holdings are Russia holdings. CEE is more like 50% Russia.
      View article »
    • Tue Apr 15th 13:56 PM | Rating: 0 0
      Commented on:
      Exxon Mobil: The Root of all Evil?
      I'm an American living in Europe. I have no sympathy for people complaining about $3.50 gas. I pay almost $8 a gallon here. When an SUV goes by, people turn and stare... it's not very common. The US government should add $3 in tax per gallon, still making gas a bargain compared with Europe, and use the extra billions to develop alternative energy sources. Then maybe you wouldn't see all the huge SUVs with one person in them.
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    • Sun Jan 6th 15:04 PM | Rating: 0 0
      Commented on:
      A Twist on the 'January Effect'
      The "January Effect" is the tendency for small-cap stocks to outperform large-cap stock in early January. The January Effect is not January predicting the stock market return for the rest of the year!

      And please define your terms. Adjusted R, Intercept Coefficient, Positive January Coefficient, Positive January Coefficient P Value,
      F, are all meaningless unless you tell us what they are! First requirement of any good writing is to define your terms.
      View article »
    • Mon Dec 17th 18:31 PM | Rating: 0 0
      Commented on:
      IBM Set to Spend $1.6B on Emerging Markets
      IIF is actually a closed-end-fund, not an ETF. IFN is another Indian closed-end-fund and INP is an exchange-traded-note. I don't know of an ETF for India, but maybe there is one.

      I'm not sure what the relationship is between IBM doing business in a country, and that country "already having an ETF".
      View article »
    • Thu Dec 13th 19:42 PM | Rating: 0 0
      Commented on:
      Thursday Outlook: Sectors and International
      Intrinsic value for INP is available daily on Yahoo under the symbol ^INP-IV. Thursday's close: 87.82, and INP closed at 107.10. That's a silly 22% premium. INP closed down 0.7% and IFN down 3.4%, so the spread widened even further.
      View article »
    • Fri Dec 7th 17:51 PM | Rating: 0 0
      Commented on:
      An Interesting Development With India Funds
      I've been watching very closely this ridiculous rise in the premium for INP for the past couple weeks, up to 20% now. With IFN holding many of the same stocks, and trading at a discount of 10% or so, I decided to place a large arbitrage trade on Wednesday. I called Fidelity to short 3,000 shares (about $300,000) of INP, with the plan of buying $300,000 of IFN if successful in shorting INP. If the 30% spread narrows, to say 20%, that's a nice $30,000 profit with little risk. Doesn't matter if the Indian market goes up or down.

      But after talking to two different brokers who in turn talked to the trading desks and short specialists, they told me Fidelity has no INP shares to short. Well, the short interest in INP in September was 14% of the total outstandings shares. Who are the people who are able to short INP? Is it a special privilege given to institutions, and not to "small traders" like me who want to short $300,000? Very mysterious. Fidelity customers must own millions of dollars worth of INP. I can't believe there are none available for shorting.
      View article »
    • Mon Dec 3rd 06:56 AM | Rating: 0 0
      Commented on:
      ETFs Are the Easiest Option for Currency Exposure, For Now
      I agree with the author. Owning a currency, with no leverage, is much less risky than owning a volatile stock. Stocks can move 50% in days or weeks. Currencies almost never do that. For example, everybody talks about the dollar's steep decline vs. the Euro. But in the past year the dollar has declined less than Citigroup declined in one month, on a percentage bases.
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    • Sat Dec 1st 14:25 PM | Rating: 0 0
      Commented on:
      Did I Just See a Dead Cat Bounce?
      The more people I see say this is just a small bounce in a new bear market, the more I buy. The majority opinion is usually wrong.
      View article »
    • Sat Dec 1st 14:23 PM | Rating: 0 0
      Commented on:
      Did I Just See a Dead Cat Bounce?
      Well, 11 points up in the SP500 is not a bad day. That's way above the daily average in the bull market the past 4 years. So far, the bounce from Monday's close is 74 points, more than 5%. That's a pretty nice bounce.
      View article »
    • Fri Nov 30th 09:37 AM | Rating: 0 0
      Commented on:
      Did I Just See a Dead Cat Bounce?
      The Dead Cat is still bouncing! Higher and Higher!
      View article »
    • Wed Nov 28th 19:08 PM | Rating: 0 0
      Commented on:
      November Currently 7th Worst Performing Month Since 1980
      "the median % change of the index in the month following declines of at least 5% is 0.45%, with gains 53.85% of the time"

      Ok, and for all months since 1980, what is the median % change? I bet it may be more than 0.45%. And how many months had gains since 1980? I bet more than 53.85%. These two numbers should be added to the article for comparison, to see whether or not the months following a big loss are more bullish or bearish than normal.
      View article »
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