GKM

ProShares Ultra and UltraShort Sector ETFs: Does 2 = 2?

SHB, I think there is an arb play in there. If you pick a very volatile day, then short the ultrashort and short the ultra you should be able to make a spread over time. However, entry points would be critical. I almost did this once with a double long natural gas ETF because someone had a stupid bid out on it and I could have hedged the other side with the double short. I couldn't get it done though as the broker couldn't find the shares to short.

Why I'm Not Worried About the Market

LOL Good comments.

Having faith in the "confidence and authority of the federal government" seems down right naive or worse. People always try to call a bottom in a bear market hence no markets go straight down. This makes for great trading opportunities. Keep up the good work.

By the way, Denise (Polly Anna) Kneale started to use the "R" word this week so I knew that we were due for a bounce. Once he starts saying we're headed on a new bull run, I'll re-enter my shorts.