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why all of this action in europe can be summed up in a single dance the dance of the fireflies david kotok chairman of cumberland advisors is here to shine a light on the situation plus what does the growth and e.t.f. exchange traded funds indicate about the macro focus we're talking so much about will discuss let's get to today's capital account. so bugs in general the crawly bugs are not very cute most are pretty disgusting in my personal opinion though i do have to say and i'll venture to say many will agree there is something magical about these. fireflies there is something alluring about bugs that can light up and dance turn on the headlights though shine them and those bugs stop where they just look like bugs and you can see what's really in front of you so what does all of this have to do with the european debt crisis saga which have seen new episodes last week expected tomorrow how does this all become a dance well joining me from our new york studio to talk about this and much more is david kotok chairman of cumberland advisors and author of this book from bear to bulls with e.t.
why all of this action in europe can be summed up in a single dance the dance of the fireflies david kotok chairman of cumberland advisors is here to shine a light on the situation plus what does the growth and e.t.f. exchange traded funds indicate about the macro focus we're talking so much about will discuss let's get to today's capital account. so bugs in general the crawly bugs are not very cute most are pretty disgusting in my personal opinion though i do have to say and i'll venture to...
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become a dance well joining me from our new york studio to talk about this and much more is david kotok chairman of cumberland advisors and author of this book from bear to bulls with e.t.s. and first thank you so much for being on the show i really appreciate you being here today nice to be with you it's great to have you so let's talk about europe because last week we had the decision from the e.c.b. of the o.m. team program the unlimited bond buying program tomorrow there is an expectation that a decision will be handed down from the german constitutional court on the e.s.m. but let's back up because you describe this whole european saga as a dance of the fireflies what is the dance of the fireflies well i was looking for a metaphor and if you think about fireflies in the dark evening in the summer night you see them flash you see different mosaics appear and you're not but you're not really sure what's there you are it's not clear you turn on the headlights of your car and illuminated things the fireflies immediately stop but you can see very clearly turn your lights off and they re
become a dance well joining me from our new york studio to talk about this and much more is david kotok chairman of cumberland advisors and author of this book from bear to bulls with e.t.s. and first thank you so much for being on the show i really appreciate you being here today nice to be with you it's great to have you so let's talk about europe because last week we had the decision from the e.c.b. of the o.m. team program the unlimited bond buying program tomorrow there is an expectation...
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however kotok warns that investors should conduct serious research before purchasing shares in any and we will explain why shortly but first what exactly is an exchange traded fund well here is our definition let's take a look at that e.t.f. there are portfolio or a basket of security which provide diversification i don't like mutual funds yet they're unique and that they trade on next on an exchange just like a common company's stock now they usually track an index either holding the underlying stocks of the index or using derivatives to achieve the same turns as the index and since an e.t.f. is designed to track a specific market index one can play an entire sector without being forced to stomach the volatility inherent in any one stock and let me give you an example investors can gain exposure to precious metals using e.t.f. specifically gold and gold miner e.t.s. have become increasingly popular but why would anyone want to own shares in a gold e.t.f. in the first place. i don't have a problem if you want to buy gold but if you're going to buy gold don't buy the actual commodity be
however kotok warns that investors should conduct serious research before purchasing shares in any and we will explain why shortly but first what exactly is an exchange traded fund well here is our definition let's take a look at that e.t.f. there are portfolio or a basket of security which provide diversification i don't like mutual funds yet they're unique and that they trade on next on an exchange just like a common company's stock now they usually track an index either holding the...
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that number at about two trillion dollars now david kotok who is a guest of ours wrote a book on e.t.s. and he spoke about them on our show recently take a listen. so here it has revolutionized the options for an investor can take a million dollars and i could replicate a year all university foundation account in the billions because of these instruments however talk warns that investors should conduct serious research before purchasing shares in any and we will explain why shortly but first what exactly is an exchange traded fund well here is our definition let's take a look at that e.t.f. there are portfolio or a basket of securities which provide diversification i don't like mutual funds yet they're unique in that they trade on next on an exchange just like a common company's stock now they usually track an index either holding the underlying stocks of the index or using derivatives to achieve the same turns as the end decks and since an e.t.f. is designed to track a specific market index one can play an entire sector without being forced to stomach the volatility and here in any on
that number at about two trillion dollars now david kotok who is a guest of ours wrote a book on e.t.s. and he spoke about them on our show recently take a listen. so here it has revolutionized the options for an investor can take a million dollars and i could replicate a year all university foundation account in the billions because of these instruments however talk warns that investors should conduct serious research before purchasing shares in any and we will explain why shortly but first...