Friday, October 9, 2009

why 3x inverse ETFs suck

 I thought OIH would be down today.

 I was right!

 Guess what?  ERY is red anyway.  Correlation just isn't there.  (I'm guessing CVX is the reason.)

 Oh well -- I'm still not stopped out yet.  Lesson learned.  Trying to get too cute just never wins.  Patience does.

 One of my favorite bloggers likes NEP a lot -- and bought some today.  That's two 'smart guys' I follow now who love NEP.  So I'm feeling stronger about NEP -- but it will take time.  Good, the slow rollers are usually my best ideas.

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