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Daily ETF Roundup: VXX Soars On Market Woes, EWZ Dives On Europe Concerns
September 21, 2011 at 17:26 PM EDT
Yesterday’s strong markets were only temporary, as today aimed to erase Tuesday’s forward progress in a number of asset classes. Markets began the day relatively flat, only to crash upon hearing the Fed’s plans for “Operation Twist”, which seems to have done little to convince investors that the economy can turn around in the near future. Investors have plenty more on their plate, though, as the Obama Administration is discussing a hefty budget cut and tax restructure known as the “Buffet Rule”. Under the proposed tax structure high-income individuals will be taxed higher than middle and lower class citizens. The name stemmed from Warren Buffet, who found it ridiculous that his income tax rate was lower than his secretary’s in a recent year [see also Three ETFs For ‘Operation Twist’]. Today was something of a rarity in that gold, equities, and oil all finished the day in the red, where [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Yesterday’s strong markets were only temporary, as today aimed to erase Tuesday’s forward progress in a number of asset classes. Markets began the day relatively flat, only to crash upon hearing the Fed’s plans for “Operation Twist”, which seems to have done little to convince investors that the economy can turn around in the near future. Investors have plenty more on their plate, though, as the Obama Administration is discussing a hefty budget cut and tax restructure known as the “Buffet Rule”. Under the proposed tax structure high-income individuals will be taxed higher than middle and lower class citizens. The name stemmed from Warren Buffet, who found it ridiculous that his income tax rate was lower than his secretary’s in a recent year [see also Three ETFs For ‘Operation Twist’]. Today was something of a rarity in that gold, equities, and oil all finished the day in the red, where [...]
