Stranger and stranger said the Red Queen…

Posted on Jul 24, 2009 by WHC Bassetti in Letters

With the major indices taking off like the space shuttle it is strange that the basic group of ETFs is so recumbent.  We looked at the basic list and found a mess of them with uninspiring charts.  The indices are making new highs and these ETFs are basically listless:  IAI (brokers), MOO (cows) RTH (retail),  XHB...  The IWM (Russell) is in this class, and even the oil, USO is mostly sideways.

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