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Wednesday Outlook: Commodities, Emerging Markets

by: David Fry October 15, 2008 | about stocks: DBA / DBC / EEM / EFA / EWZ / FXI / GLD / IFN / MOO / SLX / USO / XLE    
David Fry

David Fry

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<< Return to page 1 - Staying on the Sidelines








































The big concern for bulls should be the amount of money withdrawn from markets. Trim Tabs reports $65 billion in recent mutual fund redemptions and suggests hedge fund withdrawals may be in the tens of billions. So, the fuel to drive prices higher is lacking.

Troubling is the story suggesting Morgan Stanley’s (MS) John Mack will take Mitsubishi (MTU) and Treasury money to expand the firm by squashing competition. I don’t like that kind of behavior one bit, especially with taxpayer money. I thought we were there to 'save them', not subsidize their expansion.

We get PPI and Retail sales today, not to mention more earnings news. So the beat goes on. Perhaps folks will start paying attention to this type of news more so than the next bailout. But earnings won’t be good no matter how Wall Street and the financial media try to spin it.

Then there’s that election thing to contemplate.

Have a pleasant day.

Disclaimer: The ETF Digest has no positions in any of the highlighted securities.

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This article has 3 comments:

  •  
    Oct 15 12:12 PM
    I like your graphs and comments. You are mostly right on.
    Reply
  •  
    Oct 15 02:51 PM
    For whatever this is worth to you but I, like the relpy earlier, really enjoy your graphs and commentary that is done in a non-bias manner. Keep up the good work.
    Reply
  •  
    Nov 06 02:37 AM
    Your graph is very detailed and it's helpful to commodities traders. I like getting information from that. Will be your faithful reader for such the useful thing you give us. Thanks a lot, Mr. Fry!
    Reply
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