One Big Fat F***ing ETF, Deal With It

Keep picking stocks if you’d like, but here’s the reality…

From Bloomberg via the San Francisco Chronicle:

The Chicago Board Options Exchange S&P 500 Implied Correlation Index posted its biggest gain in two years of data this week, sending its closing average since Oct. 11 to 78.21, according to data compiled by Bloomberg. That’s the highest level for the first 16 days of a reporting season, data show.

Traders are betting U.S. equities will move in unison as investors react to news about Europe’s attempts to end its debt crisis. More than 400 stocks in the S&P 500 moved in the same direction in three of the last four days. Investors first snapped up shares when Europe’s leaders agree to expand the region’s bailout fund and then fled equities when Greece said it would hold a referendum on the plan.

“It’s been brutal,” Philip Orlando, who helps oversee about $350 billion as chief equity market strategist at Federated Investors Inc. in New York

Yeah, I don’t know about “brutal”, I probably call it “a waste of time”…unless you’re selling people on your ability to be in the right stocks at all times.  In that case, carry on, what choice do you have but to pretend this isn’t happening right now?

It’s a binary market – risk-off or risk-on depending on which side of the bed any given finance minister in Brussels wakes up on that morning.  The market has become One Big Fat F***ing ETF, deal with it.

Source:

What's been said:

Discussions found on the web
  1. sex commented on Sep 18

    … [Trackback]

    […] Information on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  2. bitcoin era reviews 2020 commented on Sep 22

    … [Trackback]

    […] There you will find 17846 additional Info on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  3. PI News Wire commented on Sep 22

    … [Trackback]

    […] Here you will find 43633 additional Information on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  4. Blazing Speed Trader review commented on Sep 23

    … [Trackback]

    […] Here you can find 35379 more Information on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  5. Intelligent Automation services commented on Nov 14

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  6. daftar situs judi poker commented on Nov 15

    … [Trackback]

    […] Find More Information here on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  7. 메이저공원 commented on Nov 19

    … [Trackback]

    […] There you will find 77362 additional Information on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  8. online td banking commented on Nov 26

    … [Trackback]

    […] Find More on on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  9. Functional Testing Framework commented on Nov 26

    … [Trackback]

    […] There you can find 30279 more Information to that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  10. replica watch sites commented on Dec 08

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  11. azure Devops commented on Dec 09

    … [Trackback]

    […] Information to that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  12. 토토사이트 commented on Dec 15

    … [Trackback]

    […] Here you will find 93565 additional Information to that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]

  13. Hotpoint-Ariston MVSC 6105 manuals commented on Jan 21

    … [Trackback]

    […] Read More on on that Topic: thereformedbroker.com/2011/11/02/one-big-fat-fing-etf-deal-with-it/ […]