In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 7/29/2012.
It was a tale of two markets. The first three days, the bears were in firm control only to be pushed aside by sudden bullish sentiment thanks to well timed jawboning by ECB president Draghi.
As a result, initial losses reversed, and the major indexes closed the week to the upside. Again, it’s important to note that none of what ails Europe has been resolved, but merely old ideas have been put back on the news front burner assuring the bulls that all will be fine and no stone will be left unturned to guarantee the EU survival.
Of course, we’ve all heard this before, which means that after the initial euphoria wears off, the major indexes will shift into retreat mode. QE hopes anywhere you look are enough these days to lift markets. For how long and how far that is the unknown question.
Over past week, we covered the following: