MARKET COMMENT May 6, 2008 Do not pay any attention to bad news.
Source: http://etfdigest.com/daveDaily.php?id=590Posted on Tuesday, May 6th, 2008 | In Current Market News
Contributed by: David Fry (http://etfdigest.com) -
MARKET COMMENT May 6, 2008 Do not pay any attention to bad news. That’s the message today. Bulls ignored record oil prices and crummy news [a dividend cut and wider loss] from FNM. Instead they chose to believe that FNM’s position going forward was strong and they would “feast on” market chaos from new products and, of course, the worst conditions were behind them.
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Tags for this Post:
Bad News, bulls, Current Market News, Dividend, Feast, Fnm, Market Chaos, Record Oil Prices, Wider Loss
Bad News, bulls, Current Market News, Dividend, Feast, Fnm, Market Chaos, Record Oil Prices, Wider Loss
 About David Fry (http://etfdigest.com)
Dave Fry has devoted over 35 years to the business of trading and portfolio management. His registration as an arbitrator with both the National Association of Securities Dealers (NASD) and the National Futures Association (NFA) attests to his extensive experience and spotless compliance record. Dave founded the ETF Digest in 2001 and was among the very first to see the need for a publication that provided individual investors with information and advice on ETF investing. Dave is a frequent commentator on ETFs and other issues important to individual investors, and his perspectives are featured in financial news sources such as the Wall Street Journal, MarketWatch, Investor’s Business Daily, Smart Money, Dow Jones Newswire, National Business Review, MSN Money, Yahoo! Finance, Bankrate.com, Emerging Markets Monitor, IndexUniverse.com, and ETF Investor. |
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