Perhaps comments from CEO Marius Kloppers in 2011 that his company, BHP Billiton (NYSE: BHP), would spend $80 billion to develop and invest in its own mines and oil and gas fields made investors think the world's largest mining company was taking a brea
Here is the ETF Professor's ETF Watch List for Monday February 13, 2012.
Pullback plays: ProShares Ultra QQQ (NYSE: QQQ) and the ProShares UltraShort S&P500 (NYSE: SDS).
The Market Vectors Coal ETF (NYSE: KOL) is looking a tad vulnerable.
The iShares Nasd
Here we are nearly two months into 2012 and we're still talking about Greece. Stalled negotiations regarding a bailout package for the "G" in oft-used and notorious PIIGS acronym led to some panic selling at the open today. The totals weren't as bad at the close as they were in the morning, but Friday February 10 now has the dubious honor of being the worst day of 2012.
The reasons are plentiful regarding why investors and even active traders should tread carefully with leveraged and inverse ETFs but if today's market pullback sticks around for a while, the utility of these ETFs (when properly used) has the potential to shine.
Inver
Lot of ETFs and ETNs are positive year-to-date. That's no exactly breaking news two weeks into February. Well, lots of exchange traded products residing well into the green can also mean a lot are overbought. Indeed, the number is high.
Here's a headline that should mean good news: "Greek leaders agree to new spending cuts in bid to avert default." That came courtesy of the Los Angeles Times earlier today. Hopefully, those words prove accurate and Greece will really be able to skirt default.
Then again, the market has been down this road.
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