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Dave Fry's Market Comments for June 26
By:
Dave Fry
Thursday, June 26, 2008 8:06 PM
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Okay, I guess that about does it for the bull market, but wait--there’s one more day left in the week [snicker].
Picture[s] are worth a thousand words, so let’s get to it.
As you can see Yahoo/Finance has gone completely whacky in their math.
Let’s check-in on the Four Horsemen shall we?
First, I’m engaged in a dialogue with ProShares regarding tracking efficiencies from our and a layman’s perspective. It’s fair to say that intraday and intraweek tracking errors can be significant. You have to give them time to work for you generally. These issues become larger when viewing newer less liquid issues especially from overseas markets. When I receive answers that are substantial apart from this basic observation I’ll pass them on. In the meantime, please email me [dave@etfdigest.com] your issues and I’ll present them on your behalf.
There is only a day in this week remaining. It’s apparent that should we break March lows tomorrow we could have a very nasty Monday. Officialdom is once again burning the midnight oil as they endeavor to stanch the bleeding. I wouldn’t be surprised by any intervention to affect markets tomorrow or Monday.
Let’s see what happens.
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