Wednesday, November 19, 2008

Did you feel that?

Barry Ritholtz is suggesting now (!) going into -2x NASDAQ 100 funds.



I wouldn't click on ANY of the links in the above comment if I were you.

By Anonymous e. nonee moose, at 11/20/2008 5:39 AM  

And how did that 2X neg trade work out ?

(Let 'em ride!)

By Blogger Barry Ritholtz, at 11/20/2008 5:25 PM  

Barry, (great to see your post)

I've been in a -2x NASDAQ 100 fund for three years. Very painful up until October of last year. Now things are, much, much better.

I wasn't challenging your call. But even I, a bearish kind of person, was beginning to think the ride down was coming to an end. However, maybe there will be another 20% drop. Looks more and more like a 1929 type crash (i.e. fundamental financial system broken, unlike bear markets and recession of the last 50 years.)

By Blogger Quiddity, at 11/21/2008 1:41 AM  

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