What will the capping of the BP
Mac Greer: All signs are that BP has capped the well and is working on the final solution as we tape this interview. What ETFs stand to benefit from BP capping the well?
Michael Johnston: This whole scenario has put a lot of focus on what Washington is going to do and what the regulatory response is going to be to the oil industry. If BP is able to cap the well, this starts moving to backs of people's minds as they move on to the next story and there is not quite the pressure to crack down on big oil. So I think funds like the Energy Select Sector SPDR
Another interesting one is the Oil Services HOLDRs
Greer: And Michael, you recently wrote an article ETF Plays on Planes, Trains, and Automobiles. What are some ETFs that play on transportation, and specifically, planes, trains and automobiles?
Johnston: I think one interesting one is the iShares Dow Jones Transportation Average Index Fund
A couple of other related funds -- FAA is the Claymore Airline ETF, which is kind of a fascinating sub-industry that has been always in the headlines and always exhibits quite a bit of volatility and again, is almost a leveraged play on the need to get things from point A to point B, which in turn is a function of the overall economic environment. SEA is the shipping ETF, which again is the same general investment thesis. If things need to be moved from point A to point B, shipping is a common way to do it and to the extent that that need picks up, the profitability and the outlook for the shipping industry is something that may pick up quite a bit.