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

To: The Reaper who wrote (166945)11/24/2008 9:02:08 PM
From: Peter VRead Replies (1) | Respond to of 306849
 
the 2x ETF shrinkage is well known. My problem with FXP is that it is supposed to track a foreign index that is not trading while our market is open, yet often trades opposite of what that index did the day before.

For example, SSEC dropped 3.5 percent yesterday. Hang Seng was down too, can't recall how much. So shouldn't FXP rise? I guess it did go slightly green for about half an hour, then traded below the line all day. I mean, it should have been up like 7 percent this morning, but it barely broke a percent or two.

I know FXP is influenced by the US markets, but it just trades weird, IMO. Why I tried it again I don't know, it burned my ass.



To: The Reaper who wrote (166945)11/24/2008 9:11:43 PM
From: saveslivesbydayRead Replies (2) | Respond to of 306849
 
Peter and Kirby - best article ever on reverse ETF's

seekingalpha.com

I only short them now, or sell calls against a long position a few days b/f OEX.

The ETF's that track the major indices don't appear to have nearly as much slippage.


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