Daryan

China Blows a Double Bubble

It sure is easy to call bubbles and such in the Chinese economy, arguably the only country with any fundamental investing value at all at the moment, when our own country is in economic disaster. The stock market trades at a premium for lots of reasons, but arfuably, they are probably justified when you get oversubscription to IPOs in the 800% range.

More ProShares Ultrashorts Tomfoolery

I looked at the UYG, and it is a mirrow of the XLF so I am not sure how the double-longs are dangerous as stated by Mark. I do however agree that the 2X and god-forbid the 3X shorts are inefficient as hedging devices. I played with the TZA for a bit, and got burned like everyone else even though I was RIGHT and this was a time frame of a couple weeks at most.