Materials Select Sector SPDR (XLB)

All Comments on XLB

  • commenter
    MRRESPONSIBL
    E
    Oct 15 10:29 AM
    New Sector Leaders Emerging [view article]
    Maybe a more accurate picture would look at sector performance from the beginning of Friday, Oct. 10th throught Wednesday Oct. 15th. or longer Reply
  • commenter
    irondoor91
    Oct 15 10:04 AM
    Wednesday Outlook: Staying on the Sidelines [view article]
    Yikes! Gabe is a realist. At least he puts his money where his mouth is. Gabe, you did post your positions, didn't you? Reply
  • commenter
    TaxConsultan
    t
    Oct 15 09:56 AM
    New Sector Leaders Emerging [view article]
    Kool is a penny stock with a survivor quot score of 1.5. It is likely to disappear one night in a small bankruptcy. Very interesting work however, maybe a merger is best? Reply
  • commenter
    gabe
    borenstein
    Oct 15 08:37 AM
    My Website
    Wednesday Outlook: Staying on the Sidelines [view article]
    One of the most effective stability package had been implemented globally.
    The Treasury had partially modified the 700 billion dollars "stability plan" by implementing some of the European ideas .Basically by "investing "in the key financial institutions ,the Treasury will instill business/consumer confidence in the financial sector.The object of this plan is to inject liquidity into the financial sector in the most effective way.
    Once we stabilize the financial sector ,the U.S economy/market are heading for a major rebound .
    In fact for all of the nonsense about Depression/Recession,t... measures in place are likely to deflect recession .
    The program has just been announced ,so let's allow for the full implementation of the "antidode" and allow some incremental time for the economic response.
    No doubt by the time we get to Christmas ,the economy (GDP)will growing at 2%-3%.By the second QTR of 2009 we will expand at 5%.
    The taxpayers will likely see a substantial gains on their "investment" in the financial sector.
    I will repeat the following again ,I have issued a warning about today's issue as early as June of 2005 and I have reiterated the warnings on september18 ,2007(Boomberg TV -Brian Sullivan during the FED time).
    Now that the issues have been identified and are being addressed ,I am bullish on the market and constructive on the U.S economy.
    The FED could accelerate the "healing process"and the magnitude of the rebound by easing another 50 bps,either way a significant growth lies ahead.
    For all of the "analytical terror",that investors were subjected to,we will see Dow at 20,000 within next two years.
    The current debacle had restructured the financial sector and made other sectors globally competitive-Adam Smith's invisible hand?
    I just wish that the autor of this article and many others had properly evaluated existing risks and instead of being critical had offered constructive alternative solutions .
    Sometimes even free markets need a helping hand.     Reply
  • commenter
    n.a.
    Oct 15 07:13 AM
    Wednesday Outlook: Staying on the Sidelines [view article]
    All your banks are belong to US Reply
  • commenter
    David White
    Oct 15 02:53 AM
    Tuesday Outlook: Everything But the Kitchen Sink [view article]
    Larry the Hunt: I disagree. For instance, when most investors lose money as the market goes down, wealth is destroyed. The few who profit do not spend it. The rapid declines essentially ensure that wealth is evaporating at least temporarily. Someone else is simply buying the stock for much less money. The value of that asset is listed as much less. Money effectively disappears in quick sell off's (ignoring shorts and puts for the sake of argument). The loss of capital means loss of spending power. It also means that businesses, which periodically sell stock to get money for expansion cannot get nearly as much money for the same percentage of their company. This is bad. It means that many people do not even try to bring IPO's out in a "tough" environment. It means that the market capitalization of the stocks is much less. The company is viewed as worth much less. This usually means that they have a harder time borrowing money. When people spend less because they have less due to the rapid devaluation of their stock holdings (or having sold out at low prices -- their cash). It means that they are contributing much less to the GDP. I believe about 2/3 of the GDP is due to spending. It means that people can no longer afford to buy the new house they were thinking about because their other holdings are worth less. It means that the housing market (home prices and the foreclosure rate)likely takes a further hit because fewer people buy houses. I think you can see how this death spiral works. This all may have started in the mortgage/bond market. However, it is expanding to encompass the whole economy. The more panic, the more the immediate short term losses in capitalization (in capital). The more severe these losses become, the more dominos topple. I am being a little simplistic, but it is true nonetheless. Reply
  • commenter
    Larry the
    Hunt
    Oct 14 07:41 AM
    Tuesday Outlook: Everything But the Kitchen Sink [view article]
    David: re recession into depression

    "The way to do that is to take all of your money out of the stock market. This will mean that businesses must shrink. You may lose your job as a result"

    Stock price has very little if anything to do with business contraction and expansion. Yes it can impact cap ratios in banks, leveraged buyouts, and the quantity of new capital through stock sales. It doesn't help, but I don't think that it is a determining factor in the economy - that's a tail wagging the dog story. I do agree if businesses aren't growing through natural demand and reinvestment of earnings, there will be stagnation, recession or worse.


    Reply
  • commenter
    mr.g
    Oct 14 06:53 AM
    Tuesday Outlook: Everything But the Kitchen Sink [view article]
    over sold/ to far to fast - for now this is a correction nothing more - as for 250 billion going into banks coffers it will buy time nothing more . US banks are overleveraged by 46% the US gdp -yes the market is calming down so what does that mean for the near future slow selling off of stocks to continue -
    2.3 trillion dollars(a little less than france's gdp) in europe isnt going to be enough either -
    if you were still in the market now or tomorrow would be the time to sell while the perma bears go for broke
    Reply
  • commenter
    David White
    Oct 14 02:33 AM
    Tuesday Outlook: Everything But the Kitchen Sink [view article]
    Oh yes, at this point in time, the futures are up substantially. It is currently looking like tomorrow will be another up day. Even if that fades as the day wears on. Remmeber the markets zigzag up. When all you hear is good news about actions the government is taking, it is unlikely that the bottom will suddenly fall out of the markets. Many people are profiting (using PUTS and short sales) from the panic they are trying to instill in the average investor. Be smart. Listen to the real news, not the gloom and doom propaganda of profiteers. If fears are easing (and the VIX does seems to be going down), don't feel the need to sell out. It is unlikely the market is going down. It is more likely the market is going up. Don't contribute your money to someone else's coffers. Reply
  • commenter
    David White
    Oct 14 02:27 AM
    Tuesday Outlook: Everything But the Kitchen Sink [view article]
    I keep hearing people compare this crash to the1929 crash. I am embarassed that there are so many people running scared. Certainly there were the bad mortgages. Then there was the complete drying up of the commercial paper market. Everyone was scared all the banks would fail. Some have. Some were saved by buyouts. The $700 billion dollar bailout should rescue us from that fate. Apparently the U.S. government is going to invest $250 billion in U.S. banks. This should provide at least the big ones with enough capital to tide them over through this tough period. The Fed is now buying commercial paper. This is already helping the commercial paper market. The housing market even had good news last week, when the number of houses sold went up for a change (even though they sold at lower prices). The Wells Fargo buyout of Wachovia is going through. Mitsubishi is buying into Morgan Stanley. Everything is turning rosy. The market bounced off a strong support point last week. There is strong support at $82 and $85 on the SPY. After that there are no strong support points until the $42 to $45 range in the SPY. The SPY hit $83 and change last week intraday. It bounced upward. There is every indication that this is at least a near term bottom. It may turn out to be the longer term market bottom we have all been hoping for. Only time will tell that. However, it does look like a strong bounce for the moment. The immediate big bank failure fear is gone. The belief is that the government and the Fed are slowly bringing the commercial paper market back. The government has promised several actions to shore up the housing market. This is starting to be a little bit less worrisome, especially if there are further programs enacted to further shore it up. In normal market bounces, the market goes up in zig zag lines for about a month or more. It appears we should be able to expect this again. Perhaps it will be better than that. Perhaps we have hit bottom. Only time will tell that.

    Still this is not another coming of the great depression. How do I know that? I look at history. Look at the changes in the laws. Look at the improvement in the Fed and the Treasury. In the 1920's the market just kept going up, unreasonably so. People were so happy with it they invested as much as they could, so they could get richer faster. This meant that many people were heavily margined. In those days the laws allowed up to 90% margin (i.e. you only had to have 10% of the stock value to buy it). When the margin calls started coming in the great crash, everyone had to sell. Those that were not as heavily margined had to sell to avoid losing all they had because a lot of people were heavily margined. The result was that almost all investment in stocks ended. With no money from the stock market to feed their expansion, etc., virtually all businesses shrank. They could do nothing else. The housing market collapsed then too. A lot of people lost everything. This is why the margin requirements law was changed. This is why many people today have no margin at all. They just own stocks through mutual funds. People like Jim Cramer did not help the situation. There was some severe panic. That should be lessening.

    This is likely a bad recession. Perhaps it is comparable to the mid 1970's recession. However, there is no reason to believe it should be a great depression unless we make it into one. The way to do that is to take all of your money out of the stock market. This will mean that businesses must shrink. You may lose your job as a result. If you stop spending because you are scared, business's profits will fall drastically. People will lose there jobs. Again there will be a cascade effect. As FDR said so many years ago, we have nothing to fear but fear itself. It is this fear, this panic, that can really destroy our system. Have a little faith in the government. Have a little faith in your economic system. Spend prudently, but spend. Invest prudently, but invest. The sky is not falling. Don't make it.

    My personal belief is that this is at least a rally off a near term low (which may have been an actual bottom). The big profit is to be made in the early stages of that rally. Listen to the fear mongers, and you will miss it. If you do invest, monitor the markets. If we start getting a lot more news about bank failures, or the commercial paper market drying up, or even about a lot of businesses going bankrupt, then consider selling again. However, you should not make all that a foregone conclusion by insisting on a death spiral, when it doesn't have to happen. Sometimes "fear" really is the thing we have to fear most.     Reply
  • commenter
    granger
    Oct 11 02:41 AM
    Market Strategy: Sector vs. Style [view article]
    One of the best article I have read. Great info, very insighful tool for understanding price performance. Thank you. Reply
  • commenter
    TopCat
    Oct 09 07:37 PM
    Now is the Time for Inverse Sector ETFs [view article]
    Before I consider trading SKF again, what happened to the holders of SKFs when trading was stopped? Were the shares just held (could not buy or sell), then the price just set when trading resumed (bid/ask)?


    On Mar 06 03:18 PM Malkiel wrote:

    > No, you need a day like today to be able to buy your short positions
    > (which you would do if you are convinced that the overall market,
    > or at least a chosen sector of it, is not trending up or is moving
    > up and down). I like to keep it much simpler though, say by moving
    > back and forth between a general market index ETF (like QLD ultralong
    > for the Nasdaq) and its short equivalent (QID in this case). you
    > buy the short as high as possible into the rally and sell it at the
    > next convenient low, where you then simultaneously buy the long to
    > ride back up. This is where volatility is your friend and flat or
    > straightup trends are deadly. It's also where free trading in a
    > tax-deferred account becomes a nice profit machine...     Reply
  • commenter
    User 141585
    Oct 08 01:10 PM
    Image of a Rotating Bear Market [view article]
    interesting chart. how much will xlf be influenced by global actions. global sector funds: IXG, MXI, IXC, KXI may offer a better look at rotation. thanks Reply
  • commenter
    Socialism
    cannot
    compete!
    Oct 07 05:23 PM
    Global Market Roundup: Will the Bailout Work? [view article]
    @Bill James: grammar check, please!

    @Shiv: "take time to work its magic"?? There is no magic to it. And it will not work. That was a scam, a farce...it serves only the banks and to further indenture the people, by handing over yet more control to the government. The real solution? Massive cuts to government and massive TAX CUTS. I'm not talking 5% or even 10%. I'm talking, cut the federal government to the core, and a flat tax never to exceed 10% on *anyone*. That is just...and it's overdue. Sooner or later enough people will wake up and demand it. This economic situation may just be the time that it happens. Hopefully!!     Reply
  • commenter
    The World's
    Worst Stock
    Picker
    Oct 06 01:05 PM
    My Website
    How Do Commodities ETFs Compare to ETNs? [view article]
    The article is very informative. Thanks. Reply
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