Trading
How to not be caught by market manipulation
Why Does GM Stock Still Have Value? – WSJ.com. Despite the link name, the article linked above is titled “How Traders Killed Value Investing”. The piece is an interesting read on how the big money traders manipulate the prices of securities. A quote: For the long-term investor, whether you’re investing for retirement or simply betting [...]
New Energy Finance – NEX – Weekly Review
Each week I recap the results of the WilderHill New Energy Global Innovation Index, symbol NEX, and published by New Energy Finance Ltd. The index consists of approximately 90 stocks from 22 countries. The NEX is the tracking index for the PowerShares Global Clean Energy Portfolio ETF (PBD: 12.99 0.00 0.00%). For reference, the NEX [...]
ProShares follows suit – big distributions on inverse funds
Huge Distributions At ProShares – Features. Shareholders in the various ProShares inverse and double-inverse funds received a pre-Christmas gift of the unpleasant kind. The article linked above from Index Universe lists the cash distributions made by 35 of ProShares ETFs ranging from 4.1% to 44.3% of the previous day’s NAV (December 22). The distributions will [...]
WSJ say double leverage ETFs are pushing the market
Are ETFs Driving Late-Day Turns? – WSJ.com. The article from the WSJ.com linked above (subscription required) puts for the hypothesis that the 2X leveraged and inverse leveraged ETFs are pushing the market, especially in the final hour of trading. The recent market action has traders waiting for the last hour, determining the market direction, and [...]
Weird stuff in double-inverse ETF land
I get the RSS feed from IndexUniverse.com and a weird thing happened to an article I was interested in today. The article was about the fact that the the Rydex Inverse 2X S&P Select Sector Energy ETF (REC: 5.702 0.00 0.00%) went ex-distribution with an 86% distribution. The link stopped working as I went from [...]
