ETF Insider: Pessimism Prevails

Equity indexes endured another volatile week as persistent Euro zone debt woes paved the way for profit-taking across virtually every segment of the market. Investor worries over the debt crisis brewing overseas overshadowed positive economic data releases on the home front, including better-than-expected retail sales, new home starts, jobless claims, and industrial production. Fundamental investors are likely scratching their heads in disbelief, seeing as how domestic stocks completely ignored the good news this past week, but instead focused on the worrisome political drama plaguing the debt burdened currency bloc. Even gold fell victim to profit taking, as futures prices for the precious yellow metal inched lower throughout the week, settling near $1,725 an ounce. Actionable ETF Trade Ideas Last Week’s Actionable ETF Ideas Ticker Position Performance EWA Short +4.8% IBB Long -2.2% LQD Long -0.4% Our picks from Monday’s Insider performed surprisingly well as whole, with our short position turning [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Euro Fears Overshadow Domestic Recovery ETF Insider: Expect More Volatility ETF Insider: Bulls Look To Stampede Over Euro Drama Three ETFs To Watch This Week: EWA, IGN, UNG New At ETFdb: ETF Scorecards Offer In-Depth Analysis And Ranking Of Every ETF