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Hey John,
Aug 28 11:19 am
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All Comments by Eduard Fischer »More Bad News Bears / Banks [View article]
Since leveraged short ETFs like SKF and SRS decay in value very rapidly if the market isn't tumbling (both are down over 90% since their highs last fall) you must feel that another financial meltdown is imminent if you put your family friends and clients into an Ultra Short ETF. These tools are definitely for traders and not for investors because of their quick decay. I take it then that you must feel very certain that there is another train wreck right around the corner here. I share your opinion that there is another meltdown coming but I am curious about what makes you certain that it is going to happen so soon.