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 8/19/2012.
The low volume story continued, and the major indexes managed to crawl higher on uneven economic data with not much coming out of Europe except the occasional sound bite about the support of the Euro.
I expect next week to be somewhat of a repeat with more reality hitting the markets after the Labor Day weekend. A lot will be at stake next month given the widely anticipated decision from the German courts as to the constitutionality of the ESM, which has been widely touted as the savior of the European debt crisis.
As important will be any announcement by the Fed regarding the next quantitative easing (QE) program along with its European counterpart ECB head Mario Monti making good on his market propelling promise that the next plan of action “will be enough.”
I for one can’t wait to see his ideas but, given past history, it may have been just the usual amount of empty jawboning, which the Europeans have elevated to a fine art level.
Nevertheless, all of the above have contributed to the current market rally, so any forthcoming disappointment will be a joyous event for the bears, which are more than ready to strap the lead boots on to the bulls.
Over past week, we covered the following:
Will Bernanke Keep His Cards Close To His Chest?
New ETFs On The Block: PowerShares S&P 500 Low Volatility Portfolio (SPLV)
ETF/No Load Fund Tracker Newsletter For Friday, August 17, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 8/16/2012
Cisco Pulls Equities Out Of Trading Range; German Chancellor Merkel Assists
Uneven Data Keeps Major Indexes Range Bound; Will QE-3 Happen In September?
7 ETF Model Portfolios You Can Use – Updated through 8/14/2012
Domestic Stocks End Flat Despite Better Economic Numbers; Germany And France Hold The Fort
US Equities End Mostly Lower As Japanese GDP Disappoints; Europe Slips On German Lawsuit
ETFs/Mutual Funds On The Cutline – Updated Through 8/10/2012
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