S&P 500, NASDAQ UP BUT DOW OFF ON WAL-MART – RSI FINDS TWO NEW BOND FUNDS
Today in the market, Thursday, January 08, 2009 : The Nasdaq and S&P 500 rose on Thursday after news that Citigroup Inc agreed to support legislation aimed at stemming home loan foreclosures, offsetting Wal-Mart's disappointing sales and outlook. * Shares of Wal-Mart Stores Inc, the world's biggest retailer, slid 7.5 percent to $51.38, leading the Dow into negative territory. * U.S. President-elect Barack Obama again made a push for a massive economic stimulus plan, though there was some nervousness among investors as specifics of his plan remain unclear. * The Dow Jones industrial average fell 27.08 points, or 0.31 percent, at 8,742.62. The Standard & Poor's 500 Index added 3.08 points, or 0.34 percent, at 909.73. The Nasdaq Composite Index jumped 17.95 points, or 1.12 percent, at 1,617.01. (headline & commentary courtesy of Yahoo Finance) ETF/CEF Low Volatility: BWX - SPDR Lehman International Treasury Bond ETF GVI - iShares Lehman Intermediate Government/Credit Bond Fund ETF/CEF Discussion: I thought I would post this late tonight, but I found some time before I went off to my meeting. It was kind of a so-so day in the market today with a lot of cross currents. Surprisingly, RSI came up with two new bond ETF picks. BWX holds international bonds which is an interesting twist. GVI holds US bonds if an intermediate duration, but trades on low volume. If you have interest in either one, you might wait for them to correct in price before another potential leg up. Catch you tomorrow.
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