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ETFDesk Daily 11/12/2009

|Includes: BAL, Market Vectors Chinese Renminbi/USD ETN (CNY), CYB, DIA, EWU, GDX, GLD, JO, MUB, MUS, NUV, PXJ, RTH, SPY, TFC, USL, VVR, XLY, XRT

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  • Nuveen Investments to Offer New Mortgage Opportunity Term Fund
  • China Signals That It May Allow Currency to Rise Against Dollar
  • TFC October Monthly Update
  • Illinois speeding toward budget disaster, study says
  • How the middle class are shoplifting to keep up appearances
  • Oil demand: A developing thirst
  • Barrick shuts hedge book as world gold supply runs out
  • ‘On the Brink,’ New York Must Cut, Paterson Says
  • The Downside of a Loan Pickup
  • Yuan to Resume Gains
  • A 69% Capital Gains Tax Hike . . .
  • Why Jim Rogers Isn't Buying The Equity Rally (NYSEARCA:GLD)

Nuveen Investments to Offer New Mortgage Opportunity Term Fund

Posted: 11 Nov 2009 01:45 AM PST

Nuveen Investmentsannounced plans of a new closed-end fund, Nuveen Mortgage Opportunity Term Fund. Objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities (“MBS”). Its investment objective investing in MBS directly, and indirectly through a separate investment in a public-private investment partnership formed pursuant to the Public-Private Investment Program (“PPIP”) established by the U.S. Department of Treasury (the “UST”). 

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

 

China Signals That It May Allow Currency to Rise Against Dollar

Posted: 11 Nov 2009 04:31 AM PST

China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.

ETFDesk users see this as a potential opportunity to:
 buy WisdomTree Dreyfus Chinese Yuan Fund; buy Market Vectors Chinese Renminbi USD ETNs; 

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

TFC October Monthly Update

Posted: 11 Nov 2009 04:47 AM PST

The Taiwan Greater China Fund Inc Releases October Monthly Update

ETFDesk users see this as a potential opportunity to:
 buy Taiwan Greater China Fund; 

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

Illinois speeding toward budget disaster, study says

Posted: 11 Nov 2009 06:38 AM PST

A report released Wednesday by the Pew Center on the States says Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin also are at risk of fiscal calamity.

ETFDesk users see this as a potential opportunity to:
 sell iShares S&P National Municipal Bond Fund; sell Nuveen Municipal Value Fund; 

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

How the middle class are shoplifting to keep up appearances

Posted: 11 Nov 2009 07:07 AM PST

Middle-class shoppers who have been hit by the recession are stealing hundreds of millions of pounds of expensive food in an effort to maintain their high standard of living, according to a new survey.

ETFDesk users see this as a potential opportunity to:
 sell Retail HOLDRS; sell SPDR-Consumer Discretionary; sell SPDR S&P Retail ETF; sell iShares MSCI-U.K.; 

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

 

Oil demand: A developing thirst

Posted: 11 Nov 2009 07:58 AM PST

Transport will account for 97% of this increase as rising numbers of cars hit the roads of the developing world. Demand from these countries will overtake that of the industrialised OECD nations by 2030. By then, America, Japan and Europe will be using less oil than in 1980.

ETFDesk users see this as a potential opportunity to:
 buy PowerShares Dynamic Oil & Gas Services Portfolio; buy United States 12 Month Oil Fund, LP; 

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

 

Barrick shuts hedge book as world gold supply runs out

Posted: 11 Nov 2009 08:45 AM PST

Global gold production is in terminal decline despite record prices and Herculean efforts by mining companies to discover fresh sources of ore in remote spots, according to the world's top producer Barrick Gold. 

ETFDesk users see this as a potential opportunity to:
 buy Market Vectors Gold Miners ETF; buy streetTRACKS Gold Trust; 

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

 

‘On the Brink,’ New York Must Cut, Paterson Says

Posted: 11 Nov 2009 08:51 AM PST

Representative of financial problems of state and local governments

ETFDesk users see this as a potential opportunity to:
 sell iShares S&P National Municipal Bond Fund; 

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

 

The Downside of a Loan Pickup

Posted: 11 Nov 2009 09:23 AM PST

The danger for fixed-income investors is that ultraloose monetary policy, combined with a lack of new issuance, has pushed loan prices beyond reasonable levels. After all, a year-to-date total return of 80% on triple-C loans, as measured by S&P LCD, doesn't come without risks. An increase in new issuance, while a sign of healing, would add to pressure for a correction in the near term.

ETFDesk users see this as a potential opportunity to:
 sell Van Kampen Senior Inc Tr; sell Van Kampen Dynamic Credit Opportunities Fund; 

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

 

Yuan to Resume Gains

Posted: 11 Nov 2009 10:59 PM PST

China will probably let the yuan start rising against the dollar in early 2010

ETFDesk users see this as a potential opportunity to:
 buy WisdomTree Dreyfus Chinese Yuan Fund; 

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

 

A 69% Capital Gains Tax Hike . . .

Posted: 12 Nov 2009 12:02 AM PST

Pelosi's 5.4% income surtax would hit capital gains and dividends. 

ETFDesk users see this as a potential opportunity to:
 sell DJIA DIAMONDS; sell S&P 500 SPDR; buy BlackRock MuniHoldings Insured Fund, Inc.; 

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

 

Why Jim Rogers Isn't Buying The Equity Rally (GLD)

Posted: 12 Nov 2009 12:24 AM PST

“The only bubble I see forming in the Western world is in the U.S. government bond market. Other than that I don’t see any bubbles going on.”

ETFDesk users see this as a potential opportunity to:
 buy iShares Silver Trust; buy Market Vectors Gold Miners ETF; buystreetTRACKS Gold Trust; buy iPath Dow Jones-AIG Cotton Total Return Sub-Index.; buy iPath Dow Jones AIG Coffee Total Return Sub Index; 

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