Stockchase Opinions

Norman Levine Diamonds DJIA E.T.F. DIA-A DON'T BUY Feb 27, 2009

Represents the 30 stocks in the Dow. If you are a trader, it is a dangerous thing to be in. The market closed today and broke their old lows and it looks like there could be another 10% downside.
$87.130

Stock price when the opinion was issued

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TOP PICK
Covers all 30 companies in the DOW. Very attractive trust.
WAIT
ETF, if very long term, then buy now, else wait. There is opportunity in carnage.
COMMENT

This ETF follows the Dow Jones but is unhedged to CAD. It's a price-weighted index. Top holdings include Goldman Sachs, Boeing and Apple.

BUY
DJ vs. S&P He prefers the Dow Jones over the S&P because it has slightly lower growth-stock weighting. DJ is 24% in tech and communications; S&P is 36%. DIA pays 2.7% too. This bear market is getting long in the tooth, based on history. We should see some recovery soon, like lower inflation numbers. There is some light at the end of the tunnel.