SPDR KBW CAPITAL MARKETS ETF (AMEX:KCE)
Exchange traded funds.
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When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
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growth > P/E ratio is a winning combo on ETF's comprised of companies with earnings > zero EPS
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Brokers always make money in up and down markets. There is some exposure to the sub-prime fallout but the market is over reacting. Can't pick the bottom but think this is a good entry point.
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