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August 30, 2005
Canada, Brazil ETFs doing well, Tues., August 30, 2005, 2:02 PM
The Brazilian real and Cdn loonie are known as petro-dollars, so traders are putting USD into those equity markets. This real-time monitor shows that of the key country ETFs I follow daily, only Canada and Brazil are above water. (bad pun) :-(
Those equity markets have been flying and will continue to do so as long as the crude reality has oil over $60-65 a barrel.
Posted by Posted by Bill Cara on August 30, 2005 02:02:29 PM | Category: 10 Energy , Country Equities , ETF
Discourse
Bill & Tifosi-
See www.bearmarketcentral.com/mutualfunds
Best,
Mark
Posted by: Mark at August 30, 2005 5:13 PM [link]
Dear Mark,
Thanks a lot for the tip. I shall look into it.
Posted by: Tifosi at September 1, 2005 9:49 AM [link]
Bill,
As a Canadian I was just informed by my discount broker that there really is not much available in bear funds for us to take advantage of declining markets. I find this really hard to believe.
Is this true or do some discount brokers offer such funds (i.e. Rydex Tempest Fund).
Thanking you in advance.
Posted by: Tifosi at August 30, 2005 3:18 PM [link]