BxCapricorn

Direxion's Andy O'Rourke Talks Triple Leverage

All of these leveraged ETF's are just tools. Every time I hear someone, like Cramer, go off on a particular one (in his case, those ultra-inversed) I wonder where the spirit of Free Trade went. The only investors who buy them, must know what they are buying and what the risks are. This interview was excellent. Andy O'Rourke explained his product. Whenever you hear or read a CEO interview, they blow sunshine everywhere. The CEO would never make preface statements, and say that if something happens, their stock is not the investment you are looking for. Mr. O'Rourke did that repeatedly, because he knows he does not have to sell this investment tool. It sells itself.

Cramer's fear of short-sellers is a bit of a red-herring, as he is trying to divert your attention away from his horrific 2008 record. Jim Jubak explained that a "lack of short sellers" is a problem.

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Having investors in the market, whether they be short or long, is what is required to make a market. When 401K's dissolve, and individual investors switch over to treasuries (permanently), we'll look back and understand that Wall Street con-men like Fuld, Cramer, Thain, Payne, Madoff, Navellier, etc. (and not inverse ETF's) were the reason the future turned out the way it did.