After 6 straight quarters of declining earnings for the S&P 500, a downturn of 3 years in length is a real possibility. To find another large downturn that lasted for that long, go all the way back to the 1930s.
Despite the fact that the managers of the Big 3 auto makers and their unions are in Washington begging for a bailout, the stock prices for General Motors(GM) and Ford (F) both continued their long declines. How are your ETFs affected?
Invesco PowerShares announced new, lower expense ratios for its lineup of FTSE RAFI ETFs. The FTSE RAFI ETFs provide an alternative to market-cap weighted portfolios since they are constructed using four fundamental measures to rank a company’s size: book value, cash flow, sales and dividends.