FCX

While there are always exceptions one of the better rules to follow is to never buy cyclical stocks that are ‘cheap' relative to earnings. A low PE multiple tends to reflect the markets' view that earnings are going to decline. The point here is that equities ‘lead' and if one can grasp this...

Here is the ETF Professor's ETF Watchlist for Wednesday November 4, 2009. Semiconductor issues were done in by a downgrade from Morgan Stanley on Tuesday. The Semiconductor HOLDRs ETF (NYSE: SMH) looks bearish to be kind and the ProShares Ultra Semiconductor ETF (NYSE: USD) was down as much as 3%....