Tuesday, June 29, 2010
Bears block party
Today, though, was a win for bears and ETNs. Here's how the list I compiled a few months back did today:
The time to commit to these inverses was before today, of course. Getting in now is perilous considering the news today from China, Europe, Venus, the Dark Star and beyond isn't any worse than it has been in the past months. None of it was really unexpected. If the market bounces tomorrow or Thursday (first day of the new quarter), that won't be a shocker.
But keeping a close eye on all these inverse ETNs and the movement is key. Know the pulse before entering.