Back in January of this year, NASDAQ released an index that tracks a list of companies receiving government aid. The ticker is QGRI.
The list is not meant to be all inclusive but it does a pretty good job of consolidating corporate charity cases. As the ranks of incompetent companies grows so does the extent and largesse of the US government (realists also point out that the byzantine backdoors of public aid continue to expand in logarithmic proportions).
The QGRI index only contains 25 stocks but these companies share one thing in common - massive exposure to the shadow banking system. Luminaries such as Goldman Sachs, JP Morgan, Citigroup, Wells Fargo, and General Motors are among the top index components.
For a complete look:
http://finance.yahoo.com/q/cp?s=%5EQGRI
Unsurprisingly, the index is generally green based on the 5 1/2 week US stock market rally built on mark to myth accounting and hedgie short covering. (For a more complete review of the stock market rally I recommend Tyler Durden of Zerohedge.blogspot.com who covers this aspect in painstaking detail). However, the index is still marginally down for the year when compared against the S&P 500 and DJIA.
*Speculators will be disappointed to learn that the index does not yet offer any options.
Do NOT confuse QGRI w/Qatar General Insurance which shares the same ticker.
Sunday, April 19, 2009
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2009
(472)
-
▼
April
(55)
- The Debts of the Spenders: Agriculture Retains Str...
- The Debts of the Spenders: SEC Investigating 50 Cr...
- The Debts of the World: This Week's Bonds and Yen ...
- The Debts of the Spenders: Not Enough Bankruptcy F...
- The Debts of the Spenders: CDS Legal Consideration...
- The Debts of the Spenders: Mortgage Modification M...
- The Debts of the Spenders: Swine Flu Overrated Fac...
- The Debts of the Lenders: Dubai Developments
- The Debts of the Spenders: COT Correction
- The Debts of the Spenders: Swine Flu and Agricultu...
- The Debts of the Spenders: 3x Levered Housing ETFs...
- The Debts of the Spenders: Bear Market Rally a Res...
- The Debts of the Spenders: Upcoming Legal Complian...
- The Debts of the Lenders: Most of the World on Vac...
- The Debts of the Spenders: The US Govt's Plan to C...
- The Debts of the Spenders: Mafia Experiences Growt...
- The Debts of the Lenders: China Nearly Doubles Gol...
- The Debts of the Spenders: FNM Postpones the Inevi...
- The Debts of the Spenders: British Vermin Populati...
- The Debts of the Lenders: Yen and Emerging Markets...
- The Debts of the Spenders: Insider Selling Increas...
- The Debts of the Spenders: Too Much Rain Over Para...
- The Debts of the Spenders: UK Govt Disappoints REI...
- The Debts of the Spenders: IASB Update - Meetings ...
- The Debts of the Lenders: Maintaining ZIRP Through...
- The Debts of the Spenders: LQD and HYG - Another L...
- The Debts of the Spenders: CRE Correction
- The Debts of the Spenders: Late April Update Narro...
- The Debts of the Spenders: Lower Market Liquidity,...
- The Debts of the Spenders: QGRI Update (Nasdaq Gov...
- The Debts of the Spenders:401(k)s and the ERISA T...
- The Debts of the Spenders: Emerging Market Flows P...
- The Debts of the Spenders: Another Look at TIC Dat...
- The Debts of the Lenders: TIC Data Confirms Yen We...
- The Debts of the Lenders: Foreigners Sell $5 Billi...
- The Debts of the Spenders: US Tea Parties Rally Na...
- The Debts of the Lenders: Asia Re-Affirms Commitme...
- The Debts of the Spenders: The Mathematical Decay ...
- The Debts of the Spenders: US Grain Futures
- The Debts of the Spenders: Inflationary Impact on ...
- The Debts of the Spenders: Pension Tension and Der...
- The Debts of the Spenders: The Job Search Bubble
- The Debts of the Spenders: Summary of Rail Freight...
- The Debts of the Spenders: European Leaders Pressu...
- The Debts of the Spenders: Peter Schiff on M2M Cha...
- The Debts of the Spenders: Bill Moyers - US Financ...
- The Debts of the Spenders: Quantitative Easing Mig...
- The Debts of the Spenders: US Office Rents Drop th...
- The Debts of the Lenders: The Return of the Carry ...
- The Debts of the Spenders: CDX Spreads Narrow
- The Debts of the Spenders: Charles Weil of the FHL...
- The Debts of the Spenders: IASB Refuses to Follow ...
- Profile Update
- The Debts of the Spenders: Trichet Confirms Eurozo...
- The Debts of the Lenders: Another Look at China's ...
-
▼
April
(55)
0 comments:
Post a Comment