Want to Know Where Stocks Are Going? Watch China ETFs
Tuesday, November 10th, 2009
Gary Gordon submits:
Once again, the Dow is hitting new highs. I guess that means Jim Cramer’s prognostication that we had seen the highs for the year missed the mark.
You may recall, the CNBC eccentric declared his view that an official 7% decline had just started on 10/28/09. The disingenuous part was… major benchmark ETFs like the the PowerShares Nasdaq 100 (QQQQ), the S&P 500 SPDR Trust (SPY) and Vanguard Total Stock Market (VTI) were already down more than 5% from a 10/19/09 peak.
