08-26-2011, 10:57 AM
I dunno that ETFs should be so bad but leveraged ETFs (AGQ - "double silver") seem like voodoo to me. Especially inverse leveraged ETFs (which is what I think ZSL is -- "double short silver").
I've been watching ZSL to see if it's useful as an indicator (and I sort of think it is -- at least an indicator of what people are thinking, if not what the market is actually going to do) but I can't fathom, and really just try not to think about how it must work.
I've been watching ZSL to see if it's useful as an indicator (and I sort of think it is -- at least an indicator of what people are thinking, if not what the market is actually going to do) but I can't fathom, and really just try not to think about how it must work.