The triple ETFs don't track markets at all, so the actual dollar price is irrelevant. $12.50 today correlates to an IYF value totally different than a $12.50 price would have indicated a week ago. All that really matters is whether you think the IYF is going up or down in the short-term. For example, let's say the underlying index was at 1,000 and went up 10% to 1,100 and back down 9.09% to 1000. Your triple ETF that started at $100 would go up 30% to $130 and then down 27.2% to $94.50 So in a round trip where the index didn't move, you lost 5.5% - you never should look at the dollar values of these triple ETFs as a buying or selling guide because they just don't mean anything.
Buffett's about to knock that out of the ballpark. I think his purchase was around $115 and it dropped below $50 (how I wish I had bought it then). JPM is next week, too, I believe.
I'm glad that I'm receiving pretty much nothing on my savings and paying tons of tax dollars to the banks so that they can post record profits...wait what?
Yeah, Goldman has been unbelievable. There's something indescribably wrong with how they're able to dig their way out, but I'm not smart enough to figure it out.
Yeah, I bought some BAC last Thursday or Friday and am already getting nervous feet after the run-up it's had. Copper and commodities are still tearing it up, though. Some of these stocks are rolling. I'm still in TCK, but with a trailing stop, and starting to get nervous... lol.
What do you think about news about the 5 billion dollars worth of stock they're going to sell? Pretty much will even out the news about the profits right?
