Why I Bought the Ultrashort Financial Sector ETF [View article]
I have the exact opposite bet that you do and am confident that the trade has more to go (probably today). I expect XLF to get to 29 at a minimum but probably 30.5. At 29, SKF will decline from 101 to 83. At 30.5, it goes to approximately 72. I would caution you to consider that stocks move in ADVANCE of fundamentals - that may be why you are correct that the worst isn't behind us but incorrect in your investment strategy.
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I have the exact opposite bet that you do and am confident that the trade has more to go (probably today). I expect XLF to get to 29 at a minimum but probably 30.5. At 29, SKF will decline from 101 to 83. At 30.5, it goes to approximately 72. I would caution you to consider that stocks move in ADVANCE of fundamentals - that may be why you are correct that the worst isn't behind us but incorrect in your investment strategy.
Apr 04 06:48 am
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All Comments by Alan Brochstein »Why I Bought the Ultrashort Financial Sector ETF [View article]