MudEngineer

Cramer's Lightning Round - ProShares UltraFinancials Is a Hoax (6/12/09)

Check the stock charts for the past year. UYG was at 25+ and SKF was at 150+. If you had shorted "both of them" you would actually have made a lot of money as they "both" went down. The way that they are supposed to work is one is supposed to track the exact opposite of the other percentage wise. I would like to sign up for a class action lawsuit on this farce. Any attorneys out there willing to make a lot of money?


On Jun 15 07:38 PM Northstar10000 wrote:

> Idiots
> Not all ultra short/long ETF's are junk. Tell me how SSO/SDS
> does not track the market almost perfectly. Also while you are at
> it tell me how these can both be shorted and make money. I know
> you can't. What they own or short has to follow the market., because
> they are the market. You might be/guess wrong on market direction
> but both of these will follow the trend.