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 12/16/2012.
A minor upside breakout was quickly rebuffed as worry and lack of progress about the impending Fiscal Cliff kept the markets in a tight range with the S&P 500 giving back 4 points for the week.
Nothing was resolved that could put some smiles on the bullish crowd and, with recess looming next Tuesday, if this weekend does not bring the parties’ estranged views closer together, we will be sliding off the cliff come January.
However, if a sharp market pullback packs enough punch, it might just be enough to get the warring factions back to the negotiating table and create a retroactive solution. I am not sure whether that will happen, but the possibility exists. In the meantime, all bets are off as it is totally unknown, although widely opined, as to what market reaction might be.
A cautious investment stance is your best course of action.
Over past week, we covered the following:
One Man’s Opinion: Is The European Recession Continuing?
New ETFs On The Block: ProShares Merger ETF (MRGR)
ETF/No Load Fund Tracker Newsletter For Friday, December 14, 2012
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 12/13/2012
Heading South As Budget Logjam Saps Confidence; Europe Tracks Lower
Index ETFs Erase Gains As Optimism Over Bernanke Talk Fades; Europe Holds Ground
7 ETF Model Portfolios You Can Use – Updated through 12/11/2012
US Stocks Crawl Higher On Budget Hopes, Fed Stimulus; Europe Rises On German Confidence
Indexes Rise On Budget Hopes, China; Europe Tracks Higher; Stunning Video Demonstrates US Debt
ETFs/Mutual Funds On The Cutline – Updated Through 12/7/2012
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