Jonathan Swift

Eye on Financial ETFs this Earnings Season

My guess at 2 AM EDT Sunday (8 PM Hawaii time Saturday) is that the Monday market will open with lots of buying and by mid day will sell off. Leveraged long index ETFs (BGU and FAS) will start higher at the open and then fall before the end of trading on Monday. Just the reverse for leveraged short index funds (SDS).
Why am I going out on this limb? Maybe I'm a masochist, but it's actually an attempt to discipline myself to be more cautious about my enthusiastic prognostications. If the above predictions work out to be prescient, then I invite all readers to send me lots of money to start my own hedge fund.