WASHINGTON, July 7, 2016 – We’re sorry to report here that one of our longtime advisory services, ETF Digest, a public-private site operated by long-time bond-trading vet Dave Fry, is effectively closing its doors as of July 31.
It’s been clear for at least a year that Dave has been experiencing increasing health issues of an indefinite nature, some of which info he’s provided to his subscribers over this period of time. The health stuff has, with greater frequency, kept him from offering his highly-informative daily free column every weekday as was formerly the case.
Additionally, Dave was gradually forced to cut back on the frequency of his chart-driven videos describing his reasoning and his weekly moves and stop-loss recommendations related to his intricate ETF buy and sell system for paid subscribers.
I’d been noticing an increasing drop-off in the information flow at Dave’s site over the last few months, and was wondering whether I might need to look for another similarly useful and understandable advisory site, but Dave’s site was unique and the Maven tends to be a loyal guy who doesn’t abandon great individuals and great services just because someone happens to be going through a bad patch.
But in this case, via his pre-Independence Day subscriber report and video, Dave formally announced that he’s finally decided to call it a day, something that many aging Boomers have been doing lately. Even the intrepid Maven may decide to do at some point as well. The obviously illegal crap going on in today’s markets is enough to wear any honest individual down.
We suspect, too, that Dave, who, as have we, has become completely disgusted at today’s highly and illegally manipulated trading action, is tired of watching almost all attempts at systematic investing fail in the face of high-frequency trading (HFT) idiocy and manipulation that’s made worse by the manipulation of central banks as well.
This nonsense had begun to seriously hurt the usefulness of ETF Digest’s subscriber buy and sell signals through no fault of Dave or his experience-and-history based system, just as it has damaged the carefully honed technical trading systems of many other investment advisory services.
When you reach a certain age, there comes a time when any professional investor wonders whether he shouldn’t just hang up his spikes and enjoy the rest of what life has to offer before he exits this earthly sphere forever. It seems a more logical alternative than fighting the International Oligarch Hydra, whose cartel of mendacious but fabulously wealthy criminals and the politicians they control has relentlessly eviscerated the bank accounts and the once-bright futures so many of us had once hoped to achieve.
In any event, here’s a big hat tip and our hearty best wishes for Dave Fry who fought the good fight against the powers that be. More importantly, in the process he ended up teaching the Maven and countless other subscribers how the weird but sometimes wonderful world of ETFs works or, at times, should work. That’s something that individual traders (like this one) might not have picked up on their own.
Live long and prosper, dude!