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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: cubsfan who wrote (4646)	12/12/2008 5:30:01 PM
From: Kevin Podsiadlik	Read Replies (2) \| Respond to of 6370

This is getting comical: compare the IYR close on 12/2/08 vs. yesterday, almost identical. Yet SRS dropped almost 20 points, more than 17%, over that same 9-day span. I don't think you need to be a hedging wizard to see that these double-short funds are in DEEP TROUBLE. I think SRS in particular has a life expectancy of weeks. proshares.com ETFs, Chapter Eleven, more like.

To: cubsfan who wrote (4646)	12/12/2008 7:23:27 PM
From: RockyBalboa	Respond to of 6370

Yes... a day to forget. longs didnt perform that well, but most RE stuff completely freaked out see SPG, VNO etc... perhaps the market starts singling out survivors. GGP is still fighting bravely... Treasuries were so off... the german treasury continues its slide.. but in the US someone pushed the yields down; there is nothing on the ask in T-Bonds. So strange. It has only to do with the coming interest rate decision...perhaps.

To: cubsfan who wrote (4646)	12/15/2008 4:29:30 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 6370

There is a reasonable arb between the SRS (78) and the sagging S&P (off 14 points from the traded high, and it again failed at the 900 level). People don´t notice, have no abacus at hand, or are simply too tired to trade. That level puts the SRS at around 84 to 85. People might think, the S&P could be not a bad buy for a small bounce, as many stocks including GM bid up, which is odd. Overseas stocks opened briskly up. They opened up after China, but faded their gains. Why is the S&P perhaps not a good buy? At the time I understand that the S&P should go down. We come back after weekend with "nothing done", honestly. So many hopes from friday evening for a weekend bailout deal must be disappointed and stocks, correctly, sell off. And then there is the madoff fallout, a welcome reason to again sell out the market. 50 Million in equity is not nothing and people must sell other assets, including stocks to stay liquid, period.