To give credit where credit is due. This was posted on the
Yahoo "holygrailsm" board by bleuhoreshoes. I thought it was
pretty interesting and wanted to share it with everyone.
Q: What's the worst performing
leveraged ETF through yesterday's close
A: FAZ - Financial Bear 3X down 81.69%
Q: What's the second worse performing ETF through yesterday's
close:
A: FAS - Financial Bull 3X down 62.43%
Today's wild financial moves (need more funding is good news,
yippee let's invest in broken banks) the results have changed a bit
but still it's informative
Posted by billrosen on 7th of May 2009 at 08:33 am
speaking of ETF's, FAZ is now way under $5 and SRS is
now under $20 in pre-market, that is why it does not pay to take a
stab at these and hold over night thinking we are over bought, even
if we are WAY overbought. FAZ was down something like 18% yesterday
and now another 12% in premarket, that is down 30% in a day and a
half!!!!!!!!!!!!!!!!!! Talk about portfolio destruction at the
speed of light.
Double short FAS and FAZ
Posted by billpat on 7th of May 2009 at 06:02 am
To give credit where credit is due. This was posted on the Yahoo "holygrailsm" board by bleuhoreshoes. I thought it was pretty interesting and wanted to share it with everyone.
Double short FAS and FAZ
Posted by: "bleuhorseshoes"
Wed May 6, 2009 5:42 pm (PDT)
Q: What's the worst performing leveraged ETF through yesterday's close
A: FAZ - Financial Bear 3X down 81.69%
Q: What's the second worse performing ETF through yesterday's close:
A: FAS - Financial Bull 3X down 62.43%
Today's wild financial moves (need more funding is good news, yippee let's invest in broken banks) the results have changed a bit but still it's informative
Data from http://bespokeinves t.typepad. com/bespoke/ 2009/05/year- to-date-performa nce-of-leveraged -etfs.html
Lots of other interesting combos of long/short leveraged ETF's there.
Find something with high volatility and short both sides of the leveraged ETF's and you may have a winner.
Roger
speaking of ETF's, FAZ is
Posted by billrosen on 7th of May 2009 at 08:33 am
speaking of ETF's, FAZ is now way under $5 and SRS is now under $20 in pre-market, that is why it does not pay to take a stab at these and hold over night thinking we are over bought, even if we are WAY overbought. FAZ was down something like 18% yesterday and now another 12% in premarket, that is down 30% in a day and a half!!!!!!!!!!!!!!!!!! Talk about portfolio destruction at the speed of light.
Yes and Agree ... Good
Posted by cspirit on 7th of May 2009 at 09:03 am
Yes and Agree ... Good point Bill
3x speed.
Posted by hornsant on 7th of May 2009 at 09:27 am
3x speed.