Skip to main content

What the Be*&$r?

Wow, the market is in a serious sideways funk. Every sector is taking it on the chin. Even, if you try trading options- which I have, you will still lose a crap load of money; I have. Nothing seems to be working. I have been in only one (real) Bear market in my lifetime and that was in 1987. However the subsequent losses after the initial plunge on "Black Monday" of 1987, was not as persistent and severe as this one. Wow! Stay tuned for the next post, maybe we will find the light somewhere.
Labels:

Comments

Post a Comment

Popular posts from this blog

New ETF Posting

By UCS Investment Co. The new ETF posting on the AT-ETF Exchange is the PowerShares KBW Property & Casualty Insurance Portfolio (Fund) . The Symbol is KBWP . This is a relatively new fund which opened in December of last year. The Fund is up about 1% so far this year. We are not expecting a huge run up in price in the short-term on this fund but we are looking forward to steady gains in the share price of the fund as the economy improves.
Post a Comment
Read more

Goodbye Mike

Before I get going today, lets take a moment to honor an American Idol, a Music Titan , and a Perfect Representation of the Gods of Music ; I would like to send my condolences and respect to the Jackson family for the sudden passing of Michael Jackson . I am profoundly saddened by his death. I was trying to ignore the whole event- news of his death . It seemed like some sort of bad dream at first. However, reality has set in this morning and have left me almost speechless. Goodbye Michael! You will always be missed! 6/26/2009 9:41 AM
Post a Comment
Read more

ETF Update: Short and leveraged ETFs

The markets did well yesterday, up 379 points. Impressive breadth across the board. The Wall Street Journal has a great data center for Etfs . The ETF Gainers, Decliners and Most Actives data column is pretty good, its updated throughout the day and you do not need a subscription to get the information. Yesterday's big market day had ETF funds lit up with huge market moves especially in leveraged ETFs. ProShares funds had a huge day yesterday on the leveraged side. ProShares , if you are unfamiliar with this fund group, is one of the largest short and leveraged ETF family of funds in the world. Of course, many of their short funds were down but the leveraged funds (finally) did better. The Proshares Ultra Financials ( UYG ), 52 week % change - 92.61% and ProShares Ultra S&P 500 ( SSO ), 52 week % change -73.21% finally got a break and is up 4.23% and 2.03% respectively today. Now, I am not advocating that now is the time to buy into these two funds. I still think a wait and...
Post a Comment
Read more