curley55

Year to Date Performance of Leveraged ETFs

The problem with FAZ and FAS is they are like options and they are consistantly in at the wrong strike price. Both have declined this year. There is something wrong here. They are definitely not long term investments. Looking at the numbers it would have been good to short both FAZ and FAS on January 1.

The banking problem is one of lax regulation. Regulators failed to require the banks to cut back on their 30 to 1 leverage. The regulators, and Congress especially the banking committee are at fault. Instead of fixing the problem our government has shifted the leverage to the tax payer and have told us this is a good investment and we should make a profit. Lies, lies and more lies. Where is the promised transparentcy? Keep the public in a state of fear and panic and a corrupt administration can fleece us even more because they claim they have the answers to fix the problem. The truth is they failed to regulate and are unable to fix the problem and will make it worse. Vote them out of office!