Bernanke told congress the Fed won't bailout Europe which means what in his terms? Maybe he won't even rent them his Mega-Kinko's printer. There just isn't a shred of good news Wednesday. Gold and crude oil fell apart; the dollar rallied again as the future of the euro remains in doubt and bond prices rocketed higher making for negligible yields.
What's an investor to do?
Probably find some worthwhile (as in safe) dividend ETFs such as we've posted the past two days in our Top 10 lists here and here. Or, take what the markets are giving you--low interest mortgages with which to buy cheap property for the long term. (As to the latter, I can imagine people have no interest in that.)Let's make this post short since I don't wish to sadden you further. Upon further review the eurozone fix (#15 or whatever) didn't set well with investors. It's starting to look like defaults and a euro failure or participant reconstitution are likely. While economic news in the U.S. has been improving, global contagion is pretty hard to ignore. We may see better Jobless Claims data on Thursday but perhaps many people are either falling off the rolls or getting seasonal temp work at Macys. Stocks fell sharply once again although financials, while lower, seemed to outperform for a change (if that floats your boat). Volume per the WSJ was similar as Tuesday's while breadth was negative once again. We're short-term oversold. You can follow our pithy comments on twitter and join the banter with me on facebook. SPY - The SPDR® S&P 500® ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details IWM - The iShares Russell 2000 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the small capitalization sector of the U.S. equity market as represented by the Russell 2000 Index. The index represents the approximately 2,000 smallest companies in the Russell 3000 Index.
See more details QQQ - PowerShares Capital Management LLC is passionate about our goal of delivering the highest quality investment management available through one of the more benefit-rich investment vehicles ever created, the exchange-traded fund.PowerShares QQQ¿, formerly known as "QQQ" or the "NASDAQ- 100 Index Tracking Stock®", is an exchange-traded fund based on the Nasdaq-100 Index®. The Fund will, under most circumstances, consists of all of stocks in the Index. The Index includes 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization. The portfolio is rebalanced quarterly and reconstituted annually.
See more details Continue to U.S. Sector, Stocks & Bond ETFs
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV