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As I travel around (figuratively) and hear people talking about strategy, I'm hearing more and more of them talking about being in all these concentrated "ultrashort" ETFs.
Especially with no uptick rule any more, does it seem feasible that the proliferation and increasing popularity of these funds are helping to unleash an incredibly destructive force in the markets and the economy? I don't how much these are moving the needle in terms of the amount of shorting going on out there, but it can't be helping and I can see a situation where people chase these funds to create an "inverse bubble" in the markets they are shorting.
Thoughts?
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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