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Here is the long term trading on
srs
it shows a clear sell on 11/21 as it went from
above roof to under it
what it is saying now?
about 10 lower before a buy
Ben
----- Original Message -----
Sent: Wednesday, December 24, 2008 11:25
AM
Subject: Re: [TimeandCycles] Why Short
Sector ETFs Aren't So Smart
Dividend adjusted data takes care of
that.
Bill
----- Original Message -----
Sent: Wednesday, December 24, 2008
11:00 AM
Subject: Re: [TimeandCycles] Why Short
Sector ETFs Aren't So Smart
just wanted to point out that part of the price
decrease is because of it
Ben
----- Original Message -----
Sent: Wednesday, December 24, 2008
8:54 AM
Subject: Re: [TimeandCycles] Why
Short Sector ETFs Aren't So Smart
Ben,
Yes, but that does not address the dividend
adjusted trend being discussed.
Bill
----- Original Message -----
Sent: Tuesday, December 23, 2008
10:53 PM
Subject: Re: [TimeandCycles] Why
Short Sector ETFs Aren't So Smart
it recieved huge div
today
Ben
----- Original Message -----
Sent: Tuesday, December 23, 2008
9:58 PM
Subject: Re: [TimeandCycles] Why
Short Sector ETFs Aren't So Smart
Susan,
SRS is the -2X the DJ Real
Estate Securities Index. By
eye it certainly seems to be
doing exactly that. I don't know if this index includes REITs
but if it does they are probably a minor component because DJ also has
a REIT index. If the DJ index is not doing what you expect it is
probably necessary to see what its components are up
to.
Bill
----- Original Message -----
Sent: Tuesday, December 23,
2008 5:28 PM
Subject: Re: [TimeandCycles]
Why Short Sector ETFs Aren't So Smart
|
Bob,
I think SRS is not an honest ETF. It seems to be
rigged. There is no explanation for SRS being near lows
of the year when major commercial Real Estate REIT's and
stocks are cut in half.
If someone can explain why I would be really interested
in knowing why this REIT is near it's
lows.
--- On
Tue, 12/23/08, rmbernard@xxxxxxxxnet
<rmbernard@xxxxxxxxnet> wrote:
From:
rmbernard@xxxxxxxxnet
<rmbernard@xxxxxxxxnet>
Subject: Re:
[TimeandCycles] Why Short Sector ETFs Aren't So Smart
To:
TimeandCycles@yahoogroups.com
Date: Tuesday,
December 23, 2008, 3:05 PM
That may be true, but had you owned
each of these: QID, SDS, MZZ, DXD, TWM, and SKF since
Jan 1, 2008 you'd be up 47% through yesterday.
All were winners for the year. That does not include
any dividends they may pay. SKF, the inverse
financial ETF, actually did well - up 12%. True it had
the worst performance of the above mentioned ETFs, but
compared to SPX, (-40%) not bad. SRS got killed to a
greater extent than SKF did well. So certainly if you
only owned those two you did poorly. Out of a list of
the worst 100 performing stocks, roughly 30 were in the
financial, real estate, and insurance industries. I
find it strange that SRS did so poorly for the year. I
tend to agree with several posts that commercial real estate
is about to get whacked. From what I've heard and read
we may be only half way through this mess.
------------ -- Original message
----------------------
From: Bob Carver <bcarver@xxxxxxcom>
>
From
> http://www.thestreet.com/story/10454678/1/why-short-sector-etfs-arent-so-smart.h
>
tml?puc=_mdb_html_pla3&cm_ven=EMAIL_mdb_html
>
> What would you say if you bought an index fund,
only to find out that
> it lagged the benchmark by
30%? 80%? Over 100%? I am sure you'd be
> dismayed,
disappointed and disgruntled.
>
>
>
>
>
>
>
> What if
you had perfect foresight and decided at the
beginning
> of this year to go short U.S. real estate
and short financials? What if
> I told you about an
easy way to implement these trades, and to
> implement
them with two or three times leverage? You'd expect to
clean
> up, right?
>
> What if I told
you that if you were spot-on with your market
> call,
positioned half of your portfolio in each short, you would
still
> be down 23.4% year to date?
>
>
That's better than the overall market, sure, but still a
little
> perplexing, I mean, how could you be down for
the year with one of the
> most prescient market calls
of all time?
> Yet this is exactly what would
have happened if you were long the
> double-levered
short-biased ETFs on the U.S. real estate and
financial
> sectors year to date. In fact, one would
have been better off being
> short the double levered
long funds vs. long the double levered short
> funds
to implement this strategy.
>
>
>
> --Bob Carver
>
Throughout
history, poverty is the normal condition of man. Advances
> which permit this norm to be exceeded---here and
there, now and then---are the
> work of an extremely
small minority, frequently despised, often condemned, and
> almost always opposed by all right-thinking people.
Whenever this tiny minority
> is kept from creating,
or (as sometimes happens) is driven out of a society, the
> people then slip back into abject poverty. This is
known as "bad luck." (Robert
> A. Heinlein)
>
Market Clues Blog
>
>
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