Interesting Picture

Well, despite my looking 25 pounds heavier than I actually am this is a pretty good picture.

The hottie to the far right is my wife Joellyn.

I got an invite to the WisdomTree one year anniversary party on the floor of the NYSE last night. We were able to cruise around and take a lot of pictures, which you can't do when the market is open, I'll post more later.

Later this morning I will speaking at the conference (the reason for the trip) about using ETFs for foreign investing.

At the reception last night I chatted with Luciano Siracusano, the numbers guy at WisdomTree, for a minute and he said something interesting. He thinks that I am the only one who has really jumped on the sector funds--not just theirs but in general.

While this is just a matter of his perception and not true literally it does say that people don't yet buy into the idea of using narrow products which is probably too bad. I am convinced that with a little bit of study a portfolio can be constructed using some narrow-based, along with other things, to really fine tune volatility and yield which goes a long way toward smoothing out the ride.

I think that as time goes on there will be more interest in sector and sub-sector products, at least I hope so or fund companies won't be able to justify narrower products in the future.

Although its tough to see, the second picture is of the "Squawk Nest" where Mark and Erin do their show.