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Lets take the air out of this Financial Services Bubble

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This morning I put together an article that you can read by clicking here that gave me a list of all stocks that have more revenue this year then last year and by revenue, I mean sales and not the earnings after expenses for those of you that are not familiar with financial statements.

I’ll give you a minute to take a quick look at it.

As you saw, ten percent of all of those companies are listed as being “Financial Services”

In my ignorance, I originally thought they were talking about banks, stock companies, etc., like Goldman Sachs.

But I wanted to understand it better so I dug in and created this list that follows.

What bothers me is that over 95% of these companies are ETF’s

For those of you that don’t know what that means, they are Exchange Traded Funds and their definition can be found by clicking here

Unlike an option, I personally think they are worthless, because if I wanted to buy a option on a stock or commodity, somebody that actually owned the stock or commodity needs to agree to transfer the stock to me if I exercise my option.

The reason I think that they are worthless is this.

Lets just say for instance that the economy had totally crashed last September like it almost did.

The people that actually owned the stocks would be broke too, but I’ll bet that they would not be willing to give you the stock certificate if they had it because you too would not have any money, and if that is the case, exactly what would you own?

So if that’s the case, perhaps some of you proponents of ETF’s would care to clarify exactly how a person can own for instance INTC if the ETF is a derivative of INTC and not the real thing?

XBI SPDR S&P Biotech (ETF) $515.1M
XRT SPDR S&P Retail (ETF) $567.4M
GRH GreenHunter Energy, Inc. $27.9M
KBE SPDR KBW Bank (ETF) $743.2M
MGI MoneyGram International, Inc. $222.9M
XOP SPDR S&P Oil & Gas Explore & Prod. (ETF) $509.7M
KRE SPDR KBW Regional Banking (ETF) $513.0M
PGF PowerShares Fin. Preferred Port. (ETF) $1.4B
VIG Vanguard Dividend Appreciation (ETF) $1.0B
XHB SPDR S&P Homebuilders (ETF) $761.5M
JXI iShares S&P Global Utilities Sector(ETF) $162.2M
PBE PowerShares Dynamic Biotech &Genome(ETF) $178.4M
XME SPDR S&P Metals and Mining (ETF) $760.2M
PZD PowerShares Cleantech Portfolio (ETF) $141.0M
KXI iShares S&P Global Consumer Staple(ETF) $300.4M
PBJ PowerShares Dynamic Food & Beverage(ETF) $96.8M
PJF PowerShares Dynamic Large Cap Ptf. (ETF) $43.3M
XPH SPDR S&P Pharmaceuticals (ETF) $61.8M
XLF Financial Select Sector SPDR (ETF) $6.7B
VV Vanguard Large-Cap (ETF) $2.6B
GDX Market Vectors Gold Miners (ETF) $5.8B
VCR Vanguard Consumer Discretionary (ETF) $110.9M
PSL PowerShares Dynamic Consumer Sta. (ETF) $44.6M
VFH Vanguard Financials (ETF) $436.4M
PMR PowerShares Dynamic Retail (ETF) $81.2M
XES SPDR S&P Oil & Gas Equipt & Servs. (ETF) $312.4M
PDP PowerShares DWA Technical Ldrs Pf (ETF) $180.4M
IGV iShares S&P NA Tec.-SW. Idx. Fund (ETF) $338.5M
IEO iShares Dow Jones US Oil & Gas Exp.(ETF) $392.5M
PRN PowerShares Dynamic Indls Sec Port (ETF) $113.9M
CSWC Capital Southwest Corporation $288.6M
VDC Vanguard Consumer Staples (ETF) $683.9M
VPU Vanguard Utilities (ETF) $345.2M
EWQ iShares MSCI France Index (ETF) $318.8M
IAT iShares Dow Jones US Reg Banks Ind.(ETF) $128.9M
VO Vanguard Mid-Cap (ETF) $1.9B
PTF PowerShares Dynamic Tech Sec (ETF) $33.2M
GTU Central Gold-Trust $479.2M
DSC SPDR Dow Jones Small Cap (ETF) $22.7M
VDE Vanguard Energy (ETF) $753.6M
IHI iShares Dow Jones US Medical Dev.(ETF) $381.5M
IHE iShares Dow Jones US Pharm Indx (ETF) $145.9M
PJB PowerShares Dynamic Banking Sec (ETF) $71.1M
RZV Rydex S&P SmallCap 600 Pure Value (ETF) $101.5M
VIS Vanguard Industrials (ETF) $265.2M
VPL Vanguard Pacific (ETF) $1.4B
MTK SPDR Morgan Stanley Technology (ETF) $227.8M
IOO iShares S&P Global 100 Index (ETF) $756.3M
QID ProShares UltraShort QQQ (ETF) $874.9M
IWZ iShares Russell 3000 Growth Index (ETF) $376.4M
IYT iShares Dow Jones Transport. Avg. (ETF) $499.6M
DSG SPDR Dow Jones Small Cap Growth (ETF) $104.3M
PJP PowerShares Dynamic Pharmaceuticals(ETF) $134.6M
LQD iShares IBoxx $ Invst Grade Bd Fd (ETF) $12.1B
IBB iShares NASDAQ Biotechnology Index (ETF) $1.6B
SDY SPDR S&P Dividend (ETF) $1.0B
IYR iShares Dow Jones US Real Estate (ETF) $3.0B
VB Vanguard Small-Cap ETF $2.4B
XLY Consumer Discretionary SPDR (ETF) $1.4B
JKE iShares Morningstar Large Growth (ETF) $418.4M
AMPL Ampal-American Israel Corporation $159.0M
PFI PowerShares Dynamic Finl Sec Fnd (ETF) $18.7M
PTH PowerShares Dynamic Heathcare Sec (ETF) $90.2M
IYF iShares Dow Jones US Financial (ETF) $531.4M
IEZ iShares Dow Jones US Oil Equip. (ETF) $265.4M
EWH iShares MSCI Hong Kong Index Fund (ETF) $2.2B
PUI PowerShares Dynamic Utilities (ETF) $46.5M
IWB iShares Russell 1000 Index (ETF) $2.7B
MXI iShares S&P Global Mat. Sector Inde(ETF) $775.4M
JKD iShares Morningstar Large Core Idx (ETF) $269.5M
WTU Williams Coal Seam Gas Royalty Trust $30.1M
EMG SPDR Dow Jones Mid Cap Growth (ETF) $48.6M
XLK Technology SPDR (ETF) $4.2B
RZG Rydex S&P SmallCap 600 Pure Growth (ETF) $9.0M
VBR Vanguard Small-Cap Value (ETF) $1.3B
EWI iShares MSCI Italy Index (ETF) $105.7M
TCAP Triangle Capital Corporation $124.2M
PWT PowerShares Dynamic Sm. Cap Growth (ETF) $38.2M
EWG iShares MSCI Germany Index Fund (ETF) $951.2M
ACTG Acacia Research Corporation $247.8M
XLP Consumer Staples Select Sect. SPDR (ETF) $2.0B
VTV Vanguard Value (ETF) $2.9B
ISI iShares S&P 1500 Index Fund (ETF) $301.4M
IWR iShares Russell Midcap Index Fund (ETF) $4.5B
XLE Energy Select Sector SPDR (ETF) $6.3B
TMW SPDR Dow Jones Total Market (ETF) $191.0M
DIA Diamonds Trust, Series 1 (ETF) $8.3B
EWT iShares MSCI Taiwan Index (ETF) $3.4B
PFM PowerShares Dividend Achievers (ETF) $104.2M
PRS Primus Guaranty, Ltd. $137.3M
IYK iShares Dow Jones US Consumer Goods(ETF) $458.4M
EWL iShares MSCI Switzerland Index Fund(ETF) $281.2M
IXN iShares S&P Global Technology Sect.(ETF) $326.5M
VWO Vanguard Emerging Markets ETF $16.6B
IYG iShares Dow Jones US Financial Svc.(ETF) $300.6M
VXF Vanguard Extended Market (ETF) $766.5M
EBI Evergreen Int’l Balanced Income Fund $164.6M
TFC Taiwan Greater China Fund $74.3M
XLV Health Care SPDR (ETF) $2.3B
IJH iShares S&P MidCap 400 Index (ETF) $6.2B
ICGE Internet Capital Group, Inc. $257.1M
PUW PowerShares WilderHill Prog. Ptf. (ETF) $52.4M
EWC iShares MSCI Canada Index (ETF) $3.0B
VUG Vanguard Growth (ETF) $4.0B
PKB PowerShares Dynamic Bldg. & Const. (ETF) $53.4M
XLI Industrial SPDR (ETF) $2.0B
ELR SPDR Dow Jones Large Cap (ETF) $28.2M
JFC JF China Region Fund Inc. $91.4M
IYJ iShares Dow Jones US Industrial (ETF) $315.8M
IYW iShares Dow Jones US Technology (ETF) $1.4B
PNNT PennantPark Investment Corp. $167.5M
PSEC Prospect Capital Corporation $551.8M
EMM SPDR Dow Jones Mid Cap (ETF) $27.8M
IEP Icahn Enterprises, L.P. $3.0B
IWF iShares Russell 1000 Growth Index (ETF) $11.4B
KLD iShares FTSE KLD Select Scil Idx Fd(ETF) $120.9M
FXI iShares FTSE/Xinhua China 25 Index (ETF) $10.0B
PBW PowerShares WilderHill Clean Energy(ETF) $787.9M
ELG SPDR Dow Jones Large Cap Growth (ETF) $219.2M
KCE SPDR KBW Capital Markets (ETF) $100.6M
IWM iShares Russell 2000 Index (ETF) $11.8B
ONEQ Fidelity NASDAQ Comp. Index Trk Stk(ETF) $112.6M
IWV iShares Russell 3000 Index (ETF) $3.3B
PTJ PowerShares Dynamic Healthcare Ser (ETF) $19.0M
VGT Vanguard Information Technology (ETF) $441.8M
IAU iShares COMEX Gold Trust (ETF) $2.7B
PYZ PowerShares Dynamic Basic Material (ETF) $24.6M
RPV Rydex S&P 500 Pure Value (ETF) $19.9M
IWC iShares Russell Microcap Index (ETF) $318.2M
EXI iShares S&P Global Industrials Sec(ETF) $113.8M
VHT Vanguard Health Care ETF $588.0M
IWP iShares Russell Midcap Growth Idx. (ETF) $2.4B
IAK iShares Dow Jones US Insur. Index (ETF) $36.3M
EWP iShares MSCI Spain Index (ETF) $249.2M
IVW iShares S&P 500 Growth Index (ETF) $6.1B
EVX Market Vectors Environ.Serv. Index (ETF) $33.0M
ICF iShares Cohen & Steers Realty Maj. (ETF) $1.7B
SLV iShares Silver Trust (ETF) $5.1B
IJR iShares S&P SmallCap 600 Index (ETF) $4.4B
IJT iShares S&P SmallCap 600 Growth (ETF) $1.5B
CET Central Securities Corp. $387.6M
IJK iShares S&P MidCap 400 Growth (ETF) $2.0B
ITB iShares Dow Jones US Home Const. (ETF) $219.0M
NYC iShares NYSE Composite Index (ETF) $112.6M
NRT North European Oil Royalty $289.5M
DGT SPDR DJ Global Titans (ETF) $100.8M
VGK Vanguard European (ETF) $2.5B
CHN China Fund Inc. (The) $637.6M
IWO iShares Russell 2000 Growth Index (ETF) $3.1B
IVV iShares S&P 500 Index (ETF) $21.5B
EWK iShares MSCI Belgium Investable Mkt(ETF) $169.3M
ECPG Encore Capital Group, Inc. $393.6M
RXI iShares S&P Global Consumer Dis Sec(ETF) $80.4M
JKK iShares Morningstar Small Growth (ETF) $87.2M
IYH iShares Dow Jones US Healthcare (ETF) $642.4M
PWV PowerShares Dynamic Lg. Cap Value (ETF) $321.6M
MAIN Main Street Capital Corporation $152.5M
RWR SPDR DJ Wilshire REIT (ETF) $978.9M
IJJ iShares S&P MidCap 400 Value Index (ETF) $1.7B
IXG iShares S&P Global Financials Sect.(ETF) $288.6M
IYY iShares Dow Jones U.S. Index Fund (ETF) $610.4M
KYE Kayne Anderson Energy Total Return Fund $700.1M
CSH Cash America International, Inc. $957.3M
IXP iShares S&P Global Telecommunicat. (ETF) $277.0M
WINA Winmark Corporation $115.1M
MRF American Income Fund, Inc. $67.2M
KIE SPDR KBW Insurance (ETF) $193.1M
IAI iShares Dow Jones US Brok-Dea Ind (ETF) $219.1M
FEZ SPDR DJ Euro STOXX 50 (ETF) $169.3M
IEF iShares Barclays 7-10 Yr Treas. Bd (ETF) $2.6B
CBAK China BAK Battery Inc. $166.1M
JKH iShares Morningstar Mid Growth Idx (ETF) $149.8M
DOM Dominion Resources Black Warrior Trust $126.5M
GIM Templeton Global Income Fund $1.3B
IWN iShares Russell 2000 Value Index (ETF) $3.1B
FEU SPDR DJ STOXX 50 (ETF) $69.2M
NMI Nuveen Municipal Income Fund Inc. $86.8M
ARCC Ares Capital Corporation $1.3B
NCA Nuveen California Municipal Value Fund $229.8M
IWD iShares Russell 1000 Value Index (ETF) $8.5B
EWZ iShares MSCI Brazil Index (ETF) $11.5B
VBK Vanguard Small-Cap Growth (ETF) $1.2B
VAW Vanguard Materials (ETF) $311.1M
PXJ PowerShares Dynamic Oil & Gas Serv (ETF) $206.5M
IVE iShares S&P 500 Value Index (ETF) $3.6B
JKG iShares Morningstar Mid Core Index (ETF) $105.9M
AGG iShares Barclays Aggregate Bond Fd (ETF) $10.1B
MXB MSCI Inc. $3.2B
XLG Rydex Russell Top 50 (ETF) $339.9M
EPP iShares MSCI Pacific ex-Japan Idx (ETF) $3.6B
PWB PowerShares Dynamic Lg.Cap Growth (ETF) $342.2M
GLAD Gladstone Capital Corporation $168.1M
TEI Templeton Emerging Markets Income Fund $688.6M
MER PR F Merrill Lynch Preferred Capital Trust V $21.3M
PXI PowerShares Dynamic Energy Sector (ETF) $34.2M

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2 Responses to “Lets take the air out of this Financial Services Bubble”

  1. You are a fucking idiot. Why don’t you go back to Caly you nigger.

  2. [...] So if that’s the case, perhaps some of you proponents of ETF’s would care to clarify exactly how a person can own for instance INTC if the ETF is a derivative of INTC and not the real thing? …Read More… [...]

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