MARKET COMMENT December 4, 2008 Have you ever accidentally deleted an entire word document without saving it? I just did that thinking I was deleting an image but not the document. So after two hours of writing I’m starting over and this will be shortened. It’s too bad since I was having fun with it. Anyway, today we just witnessed more of the kind of lethal volatility that defines this market. I was reading the news this morning and couldn’t find a scintilla of positive news. Layoff news was impressive and dominating the headlines as were crummy retail reports. When markets opened down it didn’t surprise but then in came the bulls to bid things right back up....
Continue reading Dave's Daily ETF Blog.
Peter Siris
Guerrilla Investing
New York Daily News
"For someone, like me, who grew up on stocks, Exchange Traded Funds (ETFs) are a little intimidating. But thanks to Dave Fry, editor of ETF Digest, I now realize ETFs offer real advantages for investors."
Primary ETF Digest programs and portfolios are designed to cater to long-term investors. Dave's Special Portfolio [DSP] is designed for more active traders seeking more aggressive performance. Nevertheless all programs seek to capture two thirds of significant market trends without using options or futures.
Definitions to terminology used in our performance results are available below.
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ETF Digest Hedge Fund Portfolios
Dave actively maintains three ETF hedge fund portfolios to keep subscribers current with the most effective ETF sector allocations that take advantage of both bullish and bearish conditions across the globe.
Dave's Special Multi-Strategy Portfolio is designed to meet the requirements of more aggressive investors interested in maximum capital appreciation and who are also willing to accept a higher rate of portfolio turnover. Learn more...
- All of 2006: 12.76%
- All of 2007: 2.93%
- As of Nov 28 2008: +8.91%
Aggressive Growth investors are willing to be speculative with growth-oriented assets. Learn more...
- All of 2006: 8.5%
- All of 2007: 13.36%
- As of Nov 28 2008: +5.49%
Growth investors seek a more conservative balance among a broader range of investment sectors. Learn more...
- All of 2006: 10.14%
- All of 2007: 4.96%
- As of Nov 28 2008: +3.89%
Performance Comparison Table
| Nov 28 comparison chart will be posted Mid Dec 2008 | |
| Index / Sub-Strategies | YTD as of Oct 31 2008 |
| ETF Digest Growth | 3.89% |
| ETF Digest Aggressive Growth | 5.49% |
| ETF Digest DSP Multi-Strategy | 9.09% |
| Credit Suisse/Tremont AllHedge Index | -21.55% |
| Emerging Markets | -38.58% |
| Global Macro | -19.44% |
| Multi-Strategy | -23.03% |
| Long/Short Equity | -26.21% |
| S&P 500 | -32.84% |
| Goldman Sachs Commodities Index | -27.51% |
| Dow Jones World Index | -40.95% |
| Dow Jones World Emerging Index | -51.12% |
| Source: AllHedge Index | |
