STOCKS END HIGHER ON AGREEMENT ON STIMULUS BILL - RSI PICKS FOREIGN AND REAL ESTATE
Posted on February 11, 2009 at 17:22 PM EST
Today in the market, Wednesday, February 11, 2009 : Investors shuttled between optimism and pessimism Wednesday, finally betting that the government might help the economy out of recession after all. News in late afternoon that key lawmakers agreed on a $789 billion economic stimulus plan sent stocks moderately higher. The advance, which came in a back-and-forth session, came a day after stocks plunged on worries about the government's financial industry bailout plan. (headline & commentary courtesy of AP via Yahoo Finance) ETF/CEF Medium Volatility: FXC - Currency Shares Canadian Dollar Trust ETF/CEF High Volatility : EFA - EAFE Index iShares EPP - iShares MSCI Pacific Ex-Japan EWS - Singapore iShares EWY - South Korea iShares GDX - Market Vectors Gold Miners ICF - Realty Major iShares IYR - Real Estate iShares RWR - streetTRACKS Dow Jones Wilshire REIT Fund VNQ - Vanguard REIT VIPERs ETF/CEF Discussion: Well I was mistaken about posting this late. I found time between meetings to post this earlier rather than later. A positive day caused RSI to pick many foreign and real estate funds. These sectors have been beaten down so if you are so inclined they represent good value. And of course the gold fund has been on a tear, so if it isn’t too late maybe take a flyer on this one….. In the past month gold and metals have lead the pack of ETFs. Catch you tomorrow.