iShares Dow Jones US Consumer Goods(ETF) (AMEX:IYK)

LongShortIndex (45.46) Submitted: 11/10/2008 11:41:26 PM : Start Price: $43.26 IYK Score: -16.62

bullish on aaxj emerging asia - diversified industries
bearish on iyk consumer goods (mo, pg, pep, ko, etc)

aaxj has behind it strong growth for real economic growth dynamics based on its growing young population demographics and countries with relatively less leveraged economies.

iyk holds a sector of US companies that have outpaced market returns better than most any other sector etfs the past few years. this will not continue as everything else is a discount in comparison in the market and these stocks are not immune to a credit slowdown as they carry quite a bite of debt on their balance sheets & additionally some of these names will be hit with large pension obligations this decade.