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If a tree falls in the forest and no one's around

One thing that makes me go hmmm:  The short index funds (sds, dog, qid, etc.) .....  What happens if the underlying index keeps moving up?   (Maybe they make a thud at zero that no one hears).
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Posted by EnglishTeach on 05/18/08 at 03:19 PM

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EnglishTeach

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On an ETF tangent:  Direxion funds are (in the process??) bringing out several 3x bull and bear etfs. (Currently the leverage is @ 2x --such as SDS being 2x short the S&P)   (Article on marketwatch plus elsewhere.)  Morningstar disses it, saying it will be good only for "daytraders and speculators who love to roll the dice."
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locogmac

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Don't know about that question, but I've held QID in my other account for almost 2 months now. Was getting worried when the bear would be back, but it looks like the bear may be making a run again!
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EnglishTeach

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Yeah, QID has moved quickly the last three days.  That's one thing about the ultra funds, they definitely react.
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