Wednesday, March 5, 2008

Mar 05, 2008

Great info about Auction Rate Market

Spread movement on HY versus Treasuries. High yield spreads (based on the Merrill Lynch High Yield Index) rose yesterday to 775 basis points above Treasuries, which is the highest level since March 2003. Since their lows in June, spreads have now risen by 221%, which makes the current period the largest spike the market has seen over the last ten years.

Variety ways on water investing. Only practical choice seems to be the only water related ETF, PowerShares Water Resources ETF (PHO) - launched in December 2005. Recent introduction of two new water ETFs: Claymore Securities’ S&P Global Water Index ETF (CGW) and First Trust Advisors’ ISE Water Index ETF (FIW).

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