Test of Top | Home | Flying High

March 8, 2002


Perfect Timing

oh lord
clients beware

Merrill Lynch first came out with their Exchange Traded Fund product for the Internet sector (HHH) in late September 1999. That issue preceded the final blowoff in the market and proved extremely popular. Understanding the old Wall Street maxim: “when the ducks quack, feed ‘em,” Merrill quickly issued several more Internet-related ETFs.

As you can see from the charts, proof exists that there is such a thing as superior market timing. ;-)

This entry was posted on Friday, March 8th, 2002 at 12:00 pm (utc+8) and is filed under Trading and Investing.

2 Responses to “Perfect Timing”

  1. reardon metal said:
    June 15th, 2006 at 12:47 am

    quack, quack

  2. MaoXian » The Firming of the Software Sector said:
    September 21st, 2006 at 10:12 am

    […] The Software HOLDR came out in September 1999 near the peak of the Bubble — an instance of Perfect Timing. It dropped about 80% in the Crash (I think 80% qualifies as a capital “C” Crash ;-) ). […]

Post your opinion