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 2/3/2013.
After the S&P 500 broke its 1,500 milestone level last week, it was now the Dow’s turn, which conquered its own respective 14,000 marker on Friday. With 1,500 now clearly in the rear view mirror, I am running out of superlatives to describe this equity march into the stratosphere.
Sure, as I have repeatedly posted, whenever you create a reckless amount of money, such as the Fed’s $85 billion per month, a good part of it will look for a new home and equities are the place of choice despite poor earnings, a weak GDP and other numbers that in no way support these lofty levels.
Since we don’t control any of these issues, we will simply follow the trends as long as they last and exit our positions whenever our trailing sell stops give us the sign to do so. That eliminates any kind of guesswork or emotional decision making.
Over past week, we covered the following: