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 8/26/2012.
The markets pulled back slightly this week as the tug-of-war between those that are counting on a new round of QE and those that question its validity favored the latter.
The long overdue but very minor market retraction is barely worth mentioning, as the QE hope addicted crowd plays right into the hand of the Fed. How? The mere mentioning of the fact that there is further QE ammunition available seems to be enough to get the markets moving upwards again.
Just putting the QE word in any headline with the MSM (Main Stream Media) seems to be sufficient enough to pull the indexes out of any afternoon sell-off mode, which we have seen throughout the month of August. As I posted, it was all on extremely low volume, which is about to change after the Labor Day weekend when important upcoming news events will shift into overdrive.
Over past week, we covered the following: