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I’ve recently been a poor “digest” editor
since being recently unaware of some new commodity-based ETFs/ETNs that are
coming from Lehman Bros, Barclays and, when approved, an ULTRA commodity ETF
doing some media interviews regarding commodity ETFs.
Is that the proverbial “tell”
that the overall commodity rally is either coming to an end or at least due for
heading to the end-of-month and it’s time for the bulls to pull out all
the stops to show at least a positive month.
And, the large brokers are intent on
managing things with AMBAC (ABK) so as not to have to mark down the securities the
former is insuring on their books.
Failing that would require a very difficult net capital calculation and
You really have to wonder about the quality of the rating
If they’re wrong
about AMBAC for example, will they have any credibility left?
Or, will they count on our short
There’s a lot
riding on the call they made yesterday.
Have a pleasant day.
Among other issues the ETF Digest maintains long or short positions in
SH, MYY, RWM, PSQ, IEF, GLD, DBC, DBB, DBA, DBE, UNG and EWZ.