Sunday, July 12, 2009

Suspicious Indices and ETF's

It is worthwhile to look at more than just a ticker and a chart when you are dealing with indices and ETF's. You might be surprised at how they are calculated.

For instance, I was stoked about shorting RTH, until I found out it was hugely Wal-Mart which would probably fare pretty well in tougher times.

Check out ETF Connect, it is a good information source. One stop shopping for all your ETF questions. Sorry you have to copy and paste

The USD index is also an oddball, please click to enlarge this screen cap and check it out.

However one final thought....this oddball index is doing a good job of being inversely correlated with the $SPX, so maybe it does serve a good purpose.

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Insightful and Useful Comment!