This is an excerpt from ETF Trading: The Art of Buying and Selling on ETFguide TV – an examination of how to properly time and place your ETF buy and sell orders. Trading volume for popular ETFs like the SPDR S&P 500 ETF (SPY), Invesco QQQ Trust (QQQ) and the SPDR Gold Shares (GLD) exploded …
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It’s been said the only bubbles that Wall Street sees are the bubbles in its champagne glasses. It appears those words are true because year-end targets for the S&P 500 (SNP:^GSPC) by Wall Street’s finest – are shall we dare say – quite bubbly: Bank of America 2,200 Goldman Sachs 2,100 Morgan Stanley 2,275 JPMorgan 2,250 Stifel 2,350 …
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one,” said Charles MacKay in his classic book the Madness of Crowds. A closer examination of the U.S. stock market’s (NasdaqGM:QQQ) action shows how the herd is …