This year started off strong, as it looked like the economic recovery was finally gaining some steam. Major indexes trended upwards for the first seven months of the year, with the S&P 500 hitting 1,370 at its peak. It marked good progress as we exited the “Lost Decade” where most indexes finished where they were back in 2000, marking a ten year drought of little to no returns. But just when it seemed like we finally found our footing, a number of factors combined to create the perfect storm for equities, slaughtering a variety of investments and benchmarks [see also Three ETFs For ‘Operation Twist’]. [click to continue…]
After announcing earlier this month that it plans to shutter ten ETFs by the end of the year, PowerShares continues to push ahead with plans for additional innovations in the ETF space. The Wheaton, Illinois-based firm recently filed details with the SEC for a line of ETFs linked to S&P indexes built around various investment [...]
A group led by financial services firm Guggenheim Partners, which bought Lisle, Illinois-based ETF issuer Claymore last year, has reached a deal to acquire Security Benefit Corp., the parent company of ETF issuer Rydex SGI.The group led by Guggenheim will make an investment of approximately $400 million for a controlling interest in Security Benefit. According [...]
Still scarred by memories of the not-so-distant recession, many investors have been spooked by recent volatility in equity markets, wondering if they should bail on the market before another double dip. But even fresher are the memories of the bull market of 2009, especially for those who regretfully watched from the sidelines as equity markets [...]
March 9 may very well go on to become a day that lives in infamy, the point at which the U.S. stock markets bottomed out and the economy turned the corner. To this point, it looks to be the point at which investors finally put the worst recession in a generation behind them and a [...]
Following a furious market rally that has seen major market indexes rise more than 50% from their March lows, some investors are beginning to worry that stock prices have run ahead of fundamentals, and that the recovery we’ve seen to date is too good to be true. A closer look at the “good news” that [...]