NEW YORK ( TheStreet) -- Don Dion posts his current insights on the stock, bond, commodity and currency markets in his RealMoney blog, anticipating which ETFs will be in play next.
Here are three of his blog posts from the past week:
Tech's Revolutionary Turn
Published 5/11/2011 4:01 p.m. EDTWhen companies like Google (GOOG) and Skype turn from youth-driven sites into billion-dollar corporations -- and then, into verbs -- it's hard to deny that there's a revolution afoot. The fact that Americans toss around phrases like "Google it" or "just Skype me" tells you how much of an impact Internet firms are having. After Microsoft's (MSFT - Get Report) Skype announcement yesterday, there's been a bit of eye-rolling about recent tech valuations. Before you write off the Skype hype, however, consider how ingrained these companies are becoming in American culture. Smartphones and iPads will help to skyrocket top Internet firms in the months ahead: A large number of Americans, and tech-savvy citizens around the globe, will be able to access sites like Skype and Google from devices that they carry virtually everywhere. > > Bull or Bear? Vote in Our Poll I imagine that when Skype and Facebook do eventually begin trading on national exchanges, they will become incorporated into the powerful lineup at the core of the First Trust Internet ETF (FDN). That's why I still think that this Internet ETF is such a valuable tool on days like today when you can use a market pullback to gain exposure to strong segments of the market. FDN offers unique tech exposure whose potential is only magnified by popular personal tech devices. Skype's and Facebook's potentially huge IPOs are no joke. Make sure that you have exposure to Internet firms. FDN is one easy way to get from here to there. At the time of publication, Dion Money Management was long FDN.