posted
Bear market ETF. Gain 3X the amount the market is down! Of course if market is up you lose 3X that amount.
Posts: 1458 | From: Ohio | Registered: Mar 2004
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quote:Originally posted by osubucks30: Bear market ETF. Gain 3X the amount the market is down! Of course if market is up you lose 3X that amount.
As if we needed another way to lose our money. lmao We just might see another drop as the VIX continues to go up and the dollar weakens even more. what is the expected unemployment call? 200k or close to it? S&P to test 840? DOW to test a double bottom around 7600? I could bash more but who really knows? it's a mad mad mad mad mad world. Our new administration will save us though! with more control and more spending. What deficit. Spend more now in "hopes" that it will pay off later.
Okay - i'm done... didn't have my 1st cup of coffee yet.
7 or 11.... let it roll!
ETFguide.com Want to Triple Your Investment Bets? Direxion ETFs Launch Wednesday November 5, 4:24 pm ET By ETFguide.com
SAN DIEGO (ETFguide.com) - Direxion Shares has just introduced four new exchange-traded funds (ETFs) on the NYSE Arca stock exchange. All of the funds attempt to magnify the performance of their underlying indexes by 300 percent on the upside or 300 percent on the downside. Direxion's ETFs use a combination of derivatives, futures, and swaps to obtain their leverage.
According to the prospectus, the funds will charge annual expenses of 0.95 percent.
The Large Cap Bull 3x ETF (NYSEArca: BGU - News) and the Large Cap Bear 3x ETF (NYSEArca: BGZ - News) both use the Russell 1000 large cap index as a benchmark.
BGU provides investors or traders that are bullish on the prospects of large company stocks with 300 percent upside exposure to the daily performance of the Russell 1000. BGZ attempts to deliver inverse daily performance of the Russell 2000 small cap index by 300 percent.
The Small Cap Bull 3x ETF (NYSEArca: TNA - News) and the Small Cap Bear 3x ETF (NYSEArca: TZA - News) both use the Russell 2000 small cap index as a benchmark.
TZA provides investors or traders that are bearish on the prospects of small company stocks with 300 percent downside exposure to the daily performance of the Russell 2000. TNA attempts to deliver leveraged daily performance of the Russell 2000 small cap index by 300 percent.
The timing of the Direxion's launch is contrarian to say the least. The entire financial sector is in the midst of massive de-leveraging, which is the opposite of Direxion's ETF strategies that attempt to triple daily performance.
ProShares Advisors and Rydex Investments also offer leveraged and inverse performing ETFs.
Direxion manages around $1.5 billion in mutual funds using similar leveraged and inverse performing strategies. The company is planning to launch ETFs that target specific industry sectors.
Posts: 7800 | From: Virginia | Registered: May 2006
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NEW YORK (AP) -- Wall Street anticipated a dreadful jobs report Friday, but seemed to believe the bad news is already priced into the market. Stock futures rose ahead of the market's open.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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