You are probably sick of all the CNBC coverage of this, ahem, but the Norges Bank, the central bank of Norway, raised rates by 25 basis points to 3.75%.The news is reflected in USDNOK rate.
I have been a fan of Norway as an investment destination for a while now and that continues to be the case.
4 comments:
Roger, off topic but related to earlier discussions, this post on the 'all about alpha' blog was interesting (http://tinyurl.com/28zxnt). Basically, the author is commenting on a research paper that finds long/short retail mutual funds substantially outperform long only funds, and on a net-of-fees basis, perform in line with hedge funds. FYI.
Do yesterday's highs (sounds like a song title) make reviewing the short etfs a thought? would you mind listing the ones you know about as there may be new ones to look through? Also any comments or thoughts on their use would be appreciated, or jest tell me which month to go back and look through for old comments, thanks.
slmasker,
I don't think I follow the question. I still own the double short SPX ETF for clients. It hedges less because it has gone down and accounts have gone up. I have no plans to sell now. whether a normal correction comes tomorrow of five years from now it will come (neither time would be my guess). Given my faith that market corrections have not been repealed I am not a seller, I don't think, until there is a correction. Once there is a correction I will decide whether to sell or not. No need to decide how to respond to a correction until there is a correction.
I meant that the high (and the bond yields rising) made me think about a potential market sell off, and I DON"T have the double short spx etf or any other short mechanism. So it might be time for ME (or anyone else with no hedge on downturns???) to review them. sorry for confusion.
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