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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (113049)	3/27/2008 10:42:38 AM
From: Tommaso	Read Replies (2) \| Respond to of 306849

Thanks Dale, you are an excellent source of good information. I am especially interested in Bernanke's saying that because of a perilously large position in SKF, the 200% inverse financials index fund. Its gyrations are quite remarkable. If you track down the Dow Jones Financials Index on which it is based, you find that the index comprises hundreds, maybe more than a thousand (I didn't ever count them up) banks and brokerages. Every one of those that fails means a 200% profit. Maybe they should call that fund "Double Schadenfreude." Findings: marketwatch.com groups.google.com marketoracle.co.uk