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 4/21/2013.
Things started off very shaky as the major indexes took a steep dive on Monday, recovered on Tuesday only to be spanked again on Wednesday. Some stability returned to the markets as upward momentum during the past 2 trading days limited the damage. In the end, the S&P 500 gave back 2.14%, although it could have been a lot worse.
Disappointing earnings played a role along with the realization that we may have come too far too fast. Nevertheless, nothing would surprise me including a new attempt to break the S&P’s 1,600 milestone marker. After all, the Fed is still around and in business to provide the necessary ammunition via its open ended QE program to support the equity indexes.
Over past week, we covered the following: