Will Lehman Truth Come Out? Dave's Daily
Dave's Daily
By Dave Fry, founder and publisher of
and author of the best-selling book
Create Your Own ETF Hedge Fund.
March 12, 2010
LEHMAN: WILL THE TRUTH COME OUT?
Scandal and criminal charges may result with the investigation into Lehman Bros. collapse. All manner of assertions are being made including that Lehman knowingly cooked the books to more
that Geithner was knowledgeable about the company's true condition. Hearings are beginning as the newly released examiner's report by Anton Valukas is evaluated.
Friday ended the week with mixed performance and conflicting economic data. Retail Sales were stronger than expected but Consumer Confidence was weaker. Put those two together and you've got consumers looking for comfort by shopping.
Volume continues on the light side and breadth was mixed to flat per the WSJ.
Continue to Major U.S. Markets
Continue to Major U.S. Market Sectors, Stocks & Bonds
Continue to Currency & Commodity Markets
Continue to Overseas & Emerging Markets
Continue to Concluding Remarks
Many market sectors are up against serious resistance while others are breaking-out. This may be good since everything has been moving in the same direction for a long time. In other words, being in the right sector will become important again versus just being in any sector.
Next week we'll get plenty of economic data in addition to another FOMC meeting per Briefing.com below:
We did an important quarterly update podcast with Business Monitor International (London)
here
. We discussed their near-term forecast for global markets with emphasis on BRICs, commodities, currency and major markets. They're a smart bunch and we benefit greatly by our discussions with them.
Let's see what happens. You can follow our pithy comments on
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Disclaimer: Among other issues the ETF Digest maintains positions in:
The charts and comments are only the author's view of market activity and aren't recommendations to buy or sell any security. Market sectors and related ETFs are selected based on his opinion as to their importance in providing the viewer a comprehensive summary of market conditions for the featured period. Chart annotations aren't predictive of any future market action rather they only demonstrate the author's opinion as to a range of possibilities going forward. More detailed information, including actionable alerts, are available to subscribers at
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Dave Fry is founder and publisher of
, Dave's Daily blog and the best-selling book author of
Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management
, published by Wiley Finance in 2008. A detailed bio is here:
Dave Fry.