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Non-Tech : Bill Wexler's Trading Cabana

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To: Bill Wexler who wrote (4614)12/8/2008 4:11:17 PM
From: Kevin Podsiadlik  Read Replies (2) of 6370
 
I don't know that I'd want to be anywhere near any of those Ultra funds (long or short) right now. SRS may be just in a bad moment but look at it -- it's down almost 30% YTD when the index it's supposed to be the double-negative of is down 43%.

Whatever it is they're using for leverage is spinning them out of control. I think it may be a matter of weeks before one of those funds collapses entirely.
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