As a result, I am now recommending that you sell your UltraShort MSCI Emerging Mkts ProShares (EEV). You’re exiting at a loss here, but take comfort from the fact that you are booking strong gains on your other positions.
Also, I am moving most of your global stockmarket bets in the Global Bull Market Alert portfolio – specifically the iShares MSCI BRIC Index ETF (BKF), Baidu, Inc.(BIDU), the iShares MSCI Hong Kong Index (EWH), the SPDR S&P Emerging Markets Small Cap ETF (EWX) from a HOLD back to a BUY.
Global markets had a strong week, rallying five straight days and leaving the market at its highest levels in nearly a year. The market's strength has thus far confounded my expectations for a weak start to September. The good news is that this surprising strength also increases my conviction about the robustness of the coming Q4 rally. Most institutional investors have been left on the sidelines on this low-volume summer rally. And they don't want to make that mistake again.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: