cma

In Defense of Leveraged ETFs

An absurd defense which amounts the the fact that over any reasonable holding period (1 week or greater) the double leveraged ETNs are "not so bad." Why use a product which produces results that range from bad to not so bad?

Friday Outlook: Danger on All Sides

Putting aside the true long-term perspective (suitable only for well funded life insurance cos. like Berkshire Hathaway), I agree with David about the longer-term perspective: it's quite risky to hold an intermediate-term short position here, based on RSI, cash levels and and longer-term sentiment measures.
Of course we should not be surprised by further near-term tests of the $SPX 750 low.