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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (85427)2/14/2009 10:24:55 AM
From: Real Man  Read Replies (1) of 94695
 
UCO is an ETF similar to DXO, so is USO (unleveraged).
Not sure if an ETF has any credit default risk. I guess the
only risk is that NYMEX shuts down. It's unlikely commodity
futures market will shut down unless there is a WWIII, a major
nuclear terrorist attack, civil war, or a disaster of similar
proportions. But Lehman's ETNs went bust
with Lehman, so this is a valid concern, also priced in
the ETN itself.
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