Sector Trading: A Year in Exchange Traded Funds [Paperback]

Jonathan Bernstein (Author)

Book Description

Publication Date: April 2006

"Buy to the sound of cannons, sell to the sound of trumpets", stated Lord nathan Rothschild in 1810, nearly two centuries before the rise of Exchange Traded Funds in the modern market. In Sector Trading: A Year in Exchange Traded Funds, Finanacial analyst Jonathan Bernstein follows ETFs through an in depth exploration of macro and micro economic factors that influence these fascinating products. Suitable for both retail and institutional investors, the book includes: Portfolio development strategies, Real world case studies, Blow-ny-blow commentary, and more.

Editorial Reviews

From the Publisher

This is a handbook that provides a weekly survey of a year in the markets from the perspective of Exchange Traded Funds (ETFs). Since they began trading in 1993, ETFs have arguably become the most important new product for traders and investors. ETFs are appealing because they offer high tax efficiency and low expense ratios and can be traded intraday. In the last five years ETFs have begun trading for every major sector in the market-- from technology to oil and alternative energy to real-estate to gold bullion. There are also bond ETFs, as well as ETFs representing every major markets in Europe, Asia, and Latin America. This book brings together a discussion of ETFs with commentary on the real world of trading and discussion of micro and macro aspects of ETFs and the general marketplace.

About the Author

Jonathan Bernstein has specialized in short-term trading of equities and equity options since 1998. He writes a weekly column for ETFZone and Yahoo Finance and is published narrowly and widely.

Product Details

• Paperback: 248 pages
• Publisher: Maerska Publishing (April 2006)
• Language: English
• ISBN-10: 0977294501
• ISBN-13: 978-0977294503
• Product Dimensions: 8.5 x 5.5 x 0.7 inches
• Shipping Weight: 12 ounces (View shipping rates and policies)
• Average Customer Review: 3.4 out of 5 stars  See all reviews (7 customer reviews)
• Amazon Best Sellers Rank: #1,592,754 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

17 of 17 people found the following review helpful:

4.0 out of 5 stars Recommended, July 26, 2006

By 

R. Richardson (Atlantic City, NJ) - See all my reviews
(REAL NAME)   

This review is from: Sector Trading: A Year in Exchange Traded Funds (Paperback)

I'm professionally obligated to read a lot of books on finance, and it's rare that one comes along that's both enjoyable to read and teaches me something I didn't know. Bernstein's "Sector Trading" manages to do both. The structure of the book is a week-by-week review of the financial and emotional ups and downs of a year in ETF (Exchange Trade Funds) trading. Studying this, you learn lessons about the kinds of decisions an ETF or index trader must make if he wants to succeed, but you also get a sense of the psychology, both individual and market, that accompanies this kind of trading. Most books on trading that I've read either serve up a dry, indigestible mound of statistics and numbers, or decend into raw psychologizing. Bernstein eschews these typical strategies, and instead grapples with the nuances of particular circumstances in a way that's neither dull nor trite. On the negative side, the index really isn't very helpful, and a book arranged this way could use a decent index. Also I would like to have seen more time could be spent on counter-trend trading strategies. Still, overall, a good and helpful book for learning the mechanics and psychology of sector trading.

7 of 7 people found the following review helpful:

4.0 out of 5 stars Sector Trading: A Year in Exchange Traded Funds, April 13, 2007

By 

Mr. David Orenge - See all my reviews
(REAL NAME)   

This review is from: Sector Trading: A Year in Exchange Traded Funds (Paperback)

Interesting. I heard Bernstein talk at nyc ETF evolution 2007 on International Exposure and emerging markets and bought this book. Mostly a collection of what moved ETFs on a weekly basis in a particularly volatile year. Carbon based economy, geo-political, biotech, those kind of macro analytics. Only a small nod to quants. But with the world outlook as it is, it seems these kinds of issues may be driving things for awhile. I would have liked a lot more focus on the macro analysis than he fit in here, but then it would be an expensive textbook. The breakdown into macro-indicators by week is unique and could be a worthy tool if developed more.

4 of 4 people found the following review helpful:

3.0 out of 5 stars A year of ETF trading, December 21, 2007

By 

Michael Parish "Michael Parish" (Chicago, IL) - See all my reviews
(REAL NAME)   

This review is from: Sector Trading: A Year in Exchange Traded Funds (Paperback)

I was disapointed with the book. I was hoping for a varifiable process that I could follow and test. Instead I got guesses as to what happened to a market on each specific day. The usual kind of media invented stuff that you get when the pros can't figure out what really happened with the market. I got through about thirty days of the year and gave up[