There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it. -- Napoleon Hill

Wall Street seems to be feeling frisky lately, with major indices testing, poking and prodding record highs. And, in spite of the fact that the CBOE Volatility Index has been jolted back to life, the domestic economy seems to be exhibiting tendencies of slow, steady but solid growth.

But will Washington politics manage to upset Wall Street’s upbeat apple cart? Read more about ETF Periscope: Will Lagging Global Market Puncture Wall Street’s Quest for New Highs?

daniel / Tag: DJIA, SPX, COMP, PSP, KBE, KRE, IYG, XLF, ISM / 0 Comments

The market is most decidedly on a nice little roll so far this year. Out of the twenty-two sessions that have taken place to date, both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) have been in the black nearly two-thirds of the time.

So is all this a collective post-fiscal cliff sigh of relief from investors? Sure, that plays a part in the recent bull run now underway, as do the domestic economic numbers, particularly gains in employment numbers and positive growth in manufacturing numbers, as indicated in the rise of the ISM Index. But do these factors really justify the SPX coming within 60 points of hitting its all-time high? Read more about ETF Periscope: Wall Street High on Main Street Money Influx

daniel / Tag: : FDN, SMH, QTEC, IGV, MTK, DJIA, SPX, COMP, NASDAQ Technology, ISM, Eurozone, BLACK SWAN / 0 Comments
david / Tag: BMRN, DG, FXE, ISM, RIMM, VLO, VXX / 0 Comments

ETF Periscope: Emperor’s New Clothes, Wall St. Edition

“Apparently there is nothing that cannot happen today.” --  Mark Twain

The U.S. equity market has just come off one of its worst weeks since March of 2008. It ended the week at a level lower than it found itself way back in January of this year, while giving serious indications that it may continue to head south.

Not to worry, though. Read more about ETF Periscope: Emperor’s New Clothes, Wall St. Edition

daniel / Tag: DJIA, ETF, GDP, IAT, ISM, IYZ, SPX / 0 Comments