Ex-Dividend

Be careful when you look at ETF quotes today and early next week.  Many of them go ex-dividend.  That is the dividend is declared as of a certain date prior to the close of the 2nd quarter.  ETFs and stocks generally fall by the amount of the dividend on this date.

On a seperate note I will be out of the office the first part of next week.  Posting will be light to non-existant until later in the week.  I'll have more to say about the state of the market then and I'll give a road map as to where we might be going for the rest of the year then.