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Joseph L. Shaefer: Let me clearly state that I do not and, through 40 years of up and down cycles, never have subscribed to the above quote. That in fact is the gist of this article. But I am hearing those words, or words like them Read more…
Joseph L. Shaefer: It was Friday Night Smackdown last Friday when retail sales reached their highest level in 4 months, one factor propelling the markets higher that day. At almost the same time it was announced that consumer confidence has plunged to its lowest level since 1980. Read more…
NYSE:AGQ, NYSE:GLD, NYSE:RWM, NYSE:SBB, NYSE:SEF, NYSE:SH, NYSE:TLT, NYSE:UUP
Joseph L. Shaefer: One has to wonder. I haven’t railed against Wall Street’s program trading, dark pools, and high-frequency black box trading (without human intervention) in a while, though they certainly deserve it — and suffer from exposure to the light. I haven’t even reminded myself and my Read more…
Joseph L. Shaefer: I see this market unfolding according to script, “script” being what it does more years than not. There are no absolutes in the market, no guarantees. But many years unfold exactly as this one has, with a good rally continuing from the end of the previous year into the spring, Read more…
Joseph L. Shaefer: It would be a fine “flourish” indeed if I could answer the question posed by my headline that, long term, it would be the latter. Alas, long term, I am convinced that the U.S. government has embarked on a permanent policy of U.S. dollar degradation. Government leaders Read more…
Joseph L. Shaefer: Reality does not always conform to expectations. I always said I wouldn’t buy a vacation home because everyone I know who owns one spends all their time there maintaining, gardening, fixing and working on it. Sort of like owning a boat. But here I am, working 12-hour days Read more…
In trading on Tuesday, the iShares MSCI Emerging Markets Financials Sector Index Fund ETF (EMFN) is outperforming other ETFs, up about 4.28% on the day. Also up on the day are the Read more…
NASDAQ:EMFN, NYSE:EWD, NYSE:KRE, NYSE:KRS, NYSE:RWM, NYSE:SBB
ProFunds Group, the world’s largest manager of leveraged and inverse funds,1 announced today that it is launching the first ETFs offering single inverse exposure to equity indexes on China, the U.S. Real Estate and the Read more…
NYSE:DDG, NYSE:DOG, NYSE:EFZ, NYSE:EUM, NYSE:MYY, NYSE:PSQ, NYSE:REK, NYSE:RWM, NYSE:SBB, NYSE:SBM, NYSE:SEF, NYSE:SH, NYSE:TBF, NYSE:YXI
The risks of investing in most U.S. stocks have been extremely high for a host of reasons: 
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