genesok

Distressing Details of the UltraShorts

I believe anyone doing the least bit of investigation into the leveraged etfs would understand the advantages and disadvantages of using them. Your headline "Distressing Details of the UltraShorts" seems to me to be inflamitory and disparging of a very useful product. There was nothing distressing for me using these products the last year (they saved my ass), along with regular equities, giving me an annual return ofover 50% for 2008. There has been numerous articles on this site explaning how they work and anyone using them should have not only read, but thought about the information on how the calculations are make. All readilly available at the fund's sites!

Why I'm Committed to the UltraShort Financials ETF

The bank said its new policy of writing off home equity loans where payments were more than 180 days late, rather than 120, resulted in it deferring $265.0 million in charge-offs.

Credit - Market Scan
Wells Fargo Fares Well
Miriam Marcus, 07.16.08, 6:35 PM ET


On Jul 16 10:16 PM genesok wrote:

> Why didn't any of the main media mention that the only way WFC "beat
> estimates", lousy ones at that, was by changing the way they calculated
> earnings! Otherwise they still would have been $0.49? Talk about
> manufacturing good news and no one calls them on it.

Why I'm Committed to the UltraShort Financials ETF

Why didn't any of the main media mention that the only way WFC "beat estimates", lousy ones at that, was by changing the way they calculated earnings! Otherwise they still would have been $0.49? Talk about manufacturing good news and no one calls them on it.

The Hindenburg Omen: Crash Signal In Play

The Gene Omen (flipping a quater) has a 50% success rate. Some may say it is twice as accurate as the Hindenburg Omen. I just checked it and there very well could be a major adjustment coming shortly! If correct, please put my Phd in the mail.