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 11/25/2012.
The previous week’s market pain was followed by a rip-roaring low volume rally that pushed the S&P 500 back above its 1,400 level and the DJIA above its psychologically important 13,000 milestone.
The big and obvious question is as to whether this was just a dead cat bounce, after November’s selling spree, or the beginning of a possible year end rally.
If so, it is wide open what this rally might be based on. The same old issues, which took the market down, are still staring us in the face with no apparent or concrete resolution in sight wherever you look.
Whichever direction the market decides to go, I believe it will not be a smooth ride. We might see exuberant rallies followed by jaw dropping pullbacks, which means that guarding your assets should be priority number one as downside risk remains far greater than upside potential.
Over past week, we covered the following: