Saturday, January 22, 2011

DailyMarkets.com - Comparing Staples And Discretionary Sectors XLP And XLY

DailyMarkets.com - Comparing Staples And Discretionary Sectors XLP And XLY

Comparing Staples And Discretionary Sectors XLP And XLY

Posted: 22 Jan 2011 05:03 PM PST

During major market moves, and at potential market turning points, it's often helpful to look at the ratio between the "offensive" Consumer Discretionary/Retail and the "defensive" Consumer Staples sectors.
Let's take a look at the current ratio in relation to the S&P 500's big recent run, and then look individually at the daily charts of the Discretionary (XLY) and Staples (XLP) sector ETFs.
First, the S&P 500 with Offensive/Defensive Ratio in play:

This is the common, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Of The Day

Posted: 22 Jan 2011 12:55 PM PST

“The welfare state has done to black Americans what slavery couldn’t do, what Jim Crow couldn’t do, what the harshest racism couldn’t do. And that is to destroy the black family.”

~Professor Walter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Free Trade Among U.S. States Doesn’t Work

Posted: 22 Jan 2011 12:41 PM PST

A few weeks ago, I had some editing fun with Ian Fletcher’s anti-free trade position.  Here’s  s0me editing of Ian Fletcher’s new book “Free Trade Among American States Doesn’t Work: What Should Replace It and Why”:

“The fundamental message of this book is that nations U.S. states, including the U.S. Virginia, Florida and Michigan, should seek strategic, not unconditional integration with the rest of the world economy United States economy. Economic openness within the United States, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Quote Of The Day: Open, Good. Closed, Bad.

Posted: 22 Jan 2011 12:23 PM PST

"In a nutshell, the key formula for the coming age is this: Open, good. Closed, bad. Tattoo it on your forehead. Apply it to technology standards, to business strategies, to philosophies of life. It’s the winning concept for individuals, for nations, for the global community in the years ahead. 

If the world takes the closed route, it starts a vicious circle: Nations turn inward. The world fragments into isolated blocs. This strengthens traditionalists and leads to rigidity of thought. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UK Banking Sector Wrap: Royal Bank Of Scotland Enjoys Rare Moment In The Sun

Posted: 22 Jan 2011 03:07 AM PST

Partly nationalised banking group, Royal Bank Of Scotland (LON:RBS) was the darling of the UK banking sector this week on speculation that it may be looking to buy its way out early from the Government’s Asset Protection scheme that insures the bank’s most toxic assets. The RBS share price was up 5.2% to 44.9p following indications in the Financial Times that it was working on plans to pull out at the end of this year. RBS is 83% owned by the taxpayer following a bailout in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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