Sorry the blog has been off line the past two days, the host company was making some changes and their seamless transition proved not so seamless.
It has been quite a two days. Yesterday's downside action was strong and broad, the fact that North American indices rallied off key support today may prove constructive. Since Christmas we have been expecting a re-test of the November lows. We may have got that yesterday. Still too soon to tell what longevity this bounce may have. We will have a better idea by the weekly and then monthly close at the end of January. This month has already been one for the history books. The next two weeks will be significant either way.
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Books
Press Release Praise for Juggling Dynamite “An explosive critique about the investment industry: provocative and well worth reading.”  –Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.” –MoneySense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.” –Toronto Sun
 Click for recommendations. |
November re-test in play
Click for recommendations. Comments
Re: November re-test in play
by
Anonymous
on Wed 21 Jan 2009 06:18 PM EST | Permanent Link
Danielle,
Can you, or anyone else out there, explain the mysteries of HOU (Horizon BetaPro NYMEX Crude Oil Bull Plus ETF). It has behaved strange lately. The share price now is lower than it has been during December when crude was around 30 percent cheaper. Even while taking the recent stock consolidation (5 to 1) into account my thinking is that the overall value of one's investment should have gone up with the price of crude. Where am I going wrong in my reasoning? Marcus Re: Re: November re-test in play
by
Anonymous
on Thu 22 Jan 2009 01:16 AM EST | Permanent Link
http://online.barrons.com/article/SB123155505487470527.html
The Barrons article shows how the double daily derivative ETFs can go against you even if you are right about market direction. Re: Re: Re: November re-test in play
by
Anonymous
on Thu 22 Jan 2009 12:05 PM EST | Permanent Link
Many thanks for that lead. I have been doing pretty well with this family of ETFs, but that was when I was trading them on daily basis and now I know why. I guess hanging on to that dog through Xmas wasn't a good idea. All said, a good lesson.
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Key Interview
Danielle speaks with Jonathan Chevreau on the Financial Post's blog Wealthy Boomer.
Part 1 Part 2 Recent Multimedia
Audio and Video Interviews“Dear Ms. Park, I watched your appearance on BNN today, and I just have to leave you a message saying 'Thank you' for giving viewers your very frank opinions about how things are going and certain industry practices. I appreciated you trying to give as much information as you could during that (too) short segment. Thank you for what you are doing for all investors!” —blog reader, April 30, 2008
“Each time I see Danielle Park on BNN, I am impressed with her comments and insights. Other than Rick Santelli on CNBC, she is the only commentator that I feel is completely honest and trustworthy.” —M. Scher, Toronto
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