capital pains

FAS/FAZ: Dangerously Crossing the Ultimate Pairs Trade

This article was excellent..The postings were excellent as well.
Most interesting is the fact that these 3x ETF's are gaining in popularity every day. The trading volumes seem to be geometrically increasing. Watching the volumes spike up reminds us all that the outright gambling aspect of the market is alive and well. The very same "geniuses" who gave us all those esoteric, complex financial instruments to "play" with, came right back after the debacle and gave us the 3x ETF's ! In case the "last man standing" isn't beaten up badly enough, these treacherous ETF's should finish the job nicely.