Positioning for a 3 Year Downturn
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.
PRFG
Are GM and Ford Wrecking Your ETF?
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?
PowerShares Lowers Fees on FTSE RAFI ETFs
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.
Consumer Goods Climbing Back
Despite continuing declines in the auto sector, the DJ Consumer Goods Index has steadily climbed back from its July low. Strength in food & beverage as well as in personal and household goods have lead the sector higher.