Illusional Delusion

ProShares Short ETF Short-Term Capital Gains Distributions

I'm not sure how this is going to matter much. I happen to have bought SRS in December (any time before that would have been much worse) so accounting for the wash sale rule, I will be taking the loss into 2009 either way unless I close my positions, which opens the gate for me to miss out on the upside of the position that I have taken. Given that most holders believe that there is still sizeable downside risk in the economy, the odds of losing out on the position's upside is a much bigger loss than the dividend's tax. Personally, I'm a small investor, so unless people are talking millions here, maybe I'm missing something...

Tuesday Outlook: Commodities, Emerging Markets, More

I don't think that is the case, since probably the entire congress needs to be examined over their lack of oversight before the "crisis". It always amazes me how these people can get to congress but now we can evaluate whether these men and women can really lead. Hopefully, this lesson will not be lost within 2 weeks by the media.

I'm against the bailout as well, and I hold stocks also. I think a correction is more beneficial to the global economy than the bailout. Corrections are needed to right inflated prices. Besides, the consolidation of banks probably mean that the good banks probably did enough homework to avoid going out of business anyway, so why do we need a 700 billion blank check now? Fishy right?