cma's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/1494/comments http://seekingalpha.com/article/39285-ultra-short-etfs-benefit-from-volatile-market?source=feed#comment-712711 712711 Sun, 11 Oct 2009 14:00:24 -0400 http://seekingalpha.com/article/159982-new-etfs-present-new-opportunities?source=feed#comment-712709 712709 Sun, 11 Oct 2009 13:56:31 -0400 http://seekingalpha.com/article/95787-bond-wars-update-international-and-junk?source=feed#comment-712707 712707 Sun, 11 Oct 2009 13:55:17 -0400 http://seekingalpha.com/article/163506-friday-roundup-commodities-emerging-markets?source=feed#comment-692134 692134 How come we never here about these "loans" that have defrauded the US taxpayer but only hear about GS?]]> Sat, 26 Sep 2009 13:20:53 -0400 How come we never here about these "loans" that have defrauded the US taxpayer but only hear about GS?]]> http://seekingalpha.com/article/157647-friday-roundup-commodities-emerging-markets?source=feed#comment-640919 640919 I would appreciate David's comment on this with regard to TBT of periods in excess of a month.]]> Sat, 22 Aug 2009 10:22:43 -0400 I would appreciate David's comment on this with regard to TBT of periods in excess of a month.]]> http://seekingalpha.com/article/147122-how-do-you-choose-the-best-etf?source=feed#comment-575765 575765 What is the "tremendous advantage" of ETNs?]]> Mon, 06 Jul 2009 12:27:58 -0400 What is the "tremendous advantage" of ETNs?]]> http://seekingalpha.com/article/130790-friday-outlook-commodities-global-markets?source=feed#comment-476560 476560 Fri, 24 Apr 2009 19:33:27 -0400 http://seekingalpha.com/article/119522-thursday-outlook-commodities-emerging-markets?source=feed#comment-394879 394879 Thu, 19 Feb 2009 09:38:44 -0500 http://seekingalpha.com/article/120782-asset-allocation-the-key-to-proper-diversification?source=feed#comment-391241 391241 Wrong, your own statistics show that only retrospective "proper diversification" could have reduced losses. If one had a market weight with "proper diversification" one would have lost 40% +.]]> Mon, 16 Feb 2009 19:36:21 -0500 Wrong, your own statistics show that only retrospective "proper diversification" could have reduced losses. If one had a market weight with "proper diversification" one would have lost 40% +.]]> http://seekingalpha.com/article/116851-ultrashort-etfs-can-work-if-you-trade-them-correctly?source=feed#comment-368138 368138 This is absurd. His own stats disprove it. IYF was down 75.4%. By arbitraging with SKF, you would have needed + 150.8%; instead you got + 82.8%, i.e., SKF fell behind by 68 percentage points? Tracking error, anyone?]]> Tue, 27 Jan 2009 19:21:58 -0500 This is absurd. His own stats disprove it. IYF was down 75.4%. By arbitraging with SKF, you would have needed + 150.8%; instead you got + 82.8%, i.e., SKF fell behind by 68 percentage points? Tracking error, anyone?]]> http://seekingalpha.com/article/116640-inflation-risk-is-underpriced?source=feed#comment-367508 367508 Tue, 27 Jan 2009 10:08:10 -0500 http://seekingalpha.com/article/116435-the-hidden-cost-in-inverse-etfs?source=feed#comment-366521 366521 This is not arbitrage but doubling up: short SDS is effectively double long + long IVV is another long.]]> Mon, 26 Jan 2009 11:17:37 -0500 This is not arbitrage but doubling up: short SDS is effectively double long + long IVV is another long.]]> http://seekingalpha.com/article/116333-in-defense-of-leveraged-etfs?source=feed#comment-365517 365517 Sun, 25 Jan 2009 10:29:18 -0500 http://seekingalpha.com/article/111155-friday-outlook-danger-on-all-sides?source=feed#comment-364235 364235 Of course we should not be surprised by further near-term tests of the $SPX 750 low.]]> Fri, 23 Jan 2009 12:12:02 -0500 Of course we should not be surprised by further near-term tests of the $SPX 750 low.]]> http://seekingalpha.com/article/111167-tuesday-outlook-commodities-global-markets?source=feed#comment-347631 347631 Tue, 06 Jan 2009 13:30:04 -0500 http://seekingalpha.com/article/113020-understanding-levered-etfs-and-geometric-returns?source=feed#comment-345518 345518 I wonder if the theory doesn't work out in reality because of the phenemonally high costs of long option and swap erosion in the negative levered ETFs.

2008 August through December 19th, the S&P 500 has fallen 30.8%. Many traders would blindly assume that SDS should have returned 61.6% because that is double the inverse of the index, right? Oddly enough, SDS only gained 37.3%, nearly 25% below what many would have thought in less than four months. The ProShares Short S&P 500 ETF (SH) during the same timeframe gained 25.9%; according to the company SH should give investors the inverse performance on a 1-to-1 daily basis. ]]> Sun, 04 Jan 2009 12:57:25 -0500 I wonder if the theory doesn't work out in reality because of the phenemonally high costs of long option and swap erosion in the negative levered ETFs.

2008 August through December 19th, the S&P 500 has fallen 30.8%. Many traders would blindly assume that SDS should have returned 61.6% because that is double the inverse of the index, right? Oddly enough, SDS only gained 37.3%, nearly 25% below what many would have thought in less than four months. The ProShares Short S&P 500 ETF (SH) during the same timeframe gained 25.9%; according to the company SH should give investors the inverse performance on a 1-to-1 daily basis. ]]> http://seekingalpha.com/article/113088-a-trend-follower-positions-for-2009?source=feed#comment-345502 345502 Here is a sample article showing the enormus underperformance of the inverse ETFs:

"2008 August through December 19th, the S&P 500 has fallen 30.8%. Many traders would assume that SDS should have returned 61.6% because that is double the inverse of the index, right? Oddly enough, SDS only gained 37.3%, nearly 25% below what many would have thought in less than four months. The ProShares Short S&P 500 ETF (SH) during the same timeframe gained 25.9%; according to the company SH should give investors the inverse performance on a 1-to-1 daily basis."]]> Sun, 04 Jan 2009 12:41:59 -0500 Here is a sample article showing the enormus underperformance of the inverse ETFs:

"2008 August through December 19th, the S&P 500 has fallen 30.8%. Many traders would assume that SDS should have returned 61.6% because that is double the inverse of the index, right? Oddly enough, SDS only gained 37.3%, nearly 25% below what many would have thought in less than four months. The ProShares Short S&P 500 ETF (SH) during the same timeframe gained 25.9%; according to the company SH should give investors the inverse performance on a 1-to-1 daily basis."]]> http://seekingalpha.com/article/112846-the-pitfalls-of-using-inverse-etfs?source=feed#comment-343079 343079 Since investors have no way of knowing what volatility will be, all the ETFs that use swaps, etc. are like buying options: the buyers suffer from time decay, often a great deal of it. They are a loser's game.]]> Wed, 31 Dec 2008 22:27:39 -0500 Since investors have no way of knowing what volatility will be, all the ETFs that use swaps, etc. are like buying options: the buyers suffer from time decay, often a great deal of it. They are a loser's game.]]> http://seekingalpha.com/article/108694-tuesday-outlook-commodities-emerging-markets?source=feed#comment-319024 319024 Tue, 02 Dec 2008 13:00:31 -0500 http://seekingalpha.com/article/108729-focusing-on-commodity-etfs-hyperinflation-seems-inevitable?source=feed#comment-319014 319014 Tue, 02 Dec 2008 12:52:09 -0500 http://seekingalpha.com/article/107763-tuesday-outlook-commodities-emerging-markets?source=feed#comment-314934 314934 We have now had 3 such days: 10/28, 11/13 and 11/24.
Fry is getting sloppy and losing his objectivity.]]> Tue, 25 Nov 2008 15:37:04 -0500 We have now had 3 such days: 10/28, 11/13 and 11/24.
Fry is getting sloppy and losing his objectivity.]]> http://seekingalpha.com/article/107808-life-after-citi-shorting-high-yield-bonds?source=feed#comment-314925 314925 What world is he living in. High-yields bonds are showing a 20% current yield, hardly reflecting "near-investment-grade rating."
His other methodological error (one he made with Russian equities) is that when the message of two markets (CDX Indexand real yields) are contradictory, CDX index will always be the more accurate predictor. History has shown this to be invalid.]]> Tue, 25 Nov 2008 15:28:05 -0500 What world is he living in. High-yields bonds are showing a 20% current yield, hardly reflecting "near-investment-grade rating."
His other methodological error (one he made with Russian equities) is that when the message of two markets (CDX Indexand real yields) are contradictory, CDX index will always be the more accurate predictor. History has shown this to be invalid.]]> http://seekingalpha.com/article/107808-life-after-citi-shorting-high-yield-bonds?source=feed#comment-314922 314922 Tue, 25 Nov 2008 15:24:28 -0500 http://seekingalpha.com/article/99461-largest-bond-etf-now-trading-at-a-massive-discount?source=feed#comment-280158 280158 Sat, 11 Oct 2008 21:40:47 -0400 http://seekingalpha.com/article/93988-etf-insights-the-new-hard-assets-producers-etf?source=feed#comment-262644 262644 Tue, 23 Sep 2008 13:33:09 -0400 http://seekingalpha.com/article/54527-a-rundown-of-broad-commodities-indexes?source=feed#comment-262639 262639 Tue, 23 Sep 2008 13:29:14 -0400 http://seekingalpha.com/article/96205-closed-end-fund-fire-sale?source=feed#comment-258474 258474 Thu, 18 Sep 2008 20:37:22 -0400 http://seekingalpha.com/article/96110-yawning-from-the-market-sidelines-etfs-in-hand?source=feed#comment-258038 258038 Thu, 18 Sep 2008 11:52:07 -0400 http://seekingalpha.com/article/95455-rmk-advantage-closed-end-fund-is-worth-a-look?source=feed#comment-255149 255149 George, can you recommend other ETFs or CEFs to monitor that may have a bit further to fall but might make interesting specs, a la RMA?]]> Mon, 15 Sep 2008 15:05:25 -0400 George, can you recommend other ETFs or CEFs to monitor that may have a bit further to fall but might make interesting specs, a la RMA?]]> http://seekingalpha.com/article/12425-new-sector-etfs-from-statestreet?source=feed#comment-52428 52428 You refer to the double short Profunds?
These are not out yet, are they?]]> Thu, 22 Jun 2006 17:24:13 -0400 You refer to the double short Profunds?
These are not out yet, are they?]]>