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  • Astounding Volume in 3x Financial ETF FAS May Signal Turnaround [View article]
    You nailed it.


    On Mar 10 03:44 AM Mr. Ed, Jr. wrote:

    > There is some "buzz" about possible repeal or suspension of mark-to-market.
    > Quite a few investors believe that would create a good rally for
    > the financials.
    >
    > Investor/gamblers are taking a flyer in the 3x, hoping for a quick
    > score and cashout.
    >
    > Since repeal of mark-to-market would just be an accounting trick,
    > I would expect any such rally to be short-lived.
    Mar 11 07:47 am |Rating: 0 -1 |Link to Comment
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