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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (85428)	2/14/2009 11:09:58 AM
From: GROUND ZERO™	Read Replies (1) of 94695

UCO is an ETF similar to DXO But DXO is an ETN... many of those market instruments are really ETN's, this means the risk is very high that they could default if the bank that backs that particular Note defaults on that instrument... this is the risk with any ETN... we have to be very cautious that we're really looking at an ETF and not an ETN... for example, SPY is an ETF because it really represents a fund... DXO is an ETN backed by Deutschebank, but they could default on their Note just as easily as any other bank these days...<g> GZ

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