The author misses the point that SKF is a perfect hedge if financials drop precipitously. The only problem with this type of ETF is that the market goes up and down on a daily basis thus creating the compunding problem. If the market moves just one way this compounding problem doesn't exist.
I cancelled my BAC credit card when I found out they were issuing them to illegal aliens. BAC deserves what they get if all those cards go SOUTH, so to speak.
John Paulson: Long Financials [View article]
'Panics Do Not Destroy Capital' [View article]