Today in the market, Thursday, August 21, 2008: The stock market experienced another jittery session with a mixed closing. Rising crude oil prices and financial sector worries continue to plague the market. The S&P500 ended up +0.25% while the Nasdaq was down -0.36%. Nothing to cheer about today.
ETF/CEF Low Volatility:
- JGT – Nuveen Multi-Currency Short-Term Government Income Fund close above $17.00
ETF/CEF Medium Volatility:
- IYM – Basic Matls iShares close above $76.00
ETF/CEF Catch a Falling Knife on the Road to Recovery (FKRR):
- XRO – Claymore/ZAcks Sector Rotation close above $28.50
ETF/CEF Discussion: RSI likes the materials sector. I had to weed out two picks in the commodity sector. There were both up huge today; too much to consider for a “buy now” recommendation. JGT pays a large 10.78% yield and is thinly traded, so proceed with care. XRO is very thin too. Other than that, I don’t have a lot to say about these picks.
Blog you tomorrow.
