When it comes to investing, whether it’s exchange traded funds (ETFs), stocks or something else entirely, it’s not pretty out there.
One of the biggest culprits has been commodities, and a problem of both real and overstated demand, says Gary Gordon for ETF Expert.
Commodities and resources are the latest victims and prices for these are falling like crazy.
Not only are ETFs that hold futures for various commodities getting socked, but the companies that support the actual commodities are taking a hit as well, with funds such as the Market Vectors Steel (SLX) down 16.8% for the last two weeks, dropping a total of 72.8% for the last six months.
