Rydex launched a Russian rouble ETF with ticker XRU if you are interested.
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11 comments:
Well, at least for once, a narrow-theme ETF didn't come out right at the top.
r u saying we should sell use this as a money market account?
are you joking? or are you adding 2+2 and getting 2048 (2048 is 2 factorial if i figured correctly on the calculator).
now you are both talking crazy
2 factorial is 2
2^11 is 2048
i thought factorial was to the tenth power, i obviously went one too far on the calculator in getting 2048 but I guess i have the wrong meaning for factorial. econ major, not math
2! is 2x1
3! is 3x2x1.
Wanna have some fun, get a math professor into discussing wtf factorial leaves off the zero, that that 2! would be 2x1x0.
Roger. Would the action today be considered a "successful" test of the previous low? Thanks
Today's range was just shy of 100 points. Holy volatility Batman!
i think of it as a bounce off of the same low as before (meaning it is close enough) but successful? Depends on what you are looking for. I've kind of been thinking the low 800s might be the bottom of the range (obviously adjusted my thinking from what I thought a few motnhs ago) so obviously I think that is still in tact, i have felt a big rally would come but not be an end to the bear which i think is still a few months away.
Roger and all,
Today's rally was very impressive, but... pan back on your charts and see what it DIDN'T do.
It didn't break above the basic trend line running from Sept 15th through the high in mid October. (We did break the 6 out of 7 straight down days, and we clawed back much of that % drop.)
Futures are drifting lower tonight, and while we may see some continuation tomorrow, the question is whether the pros want to sit on their positions over the weekend while Bush & co have their little get together.
These "V" snaps sure do feel good, though. But they make hash of any sort of trading strategy.
Personally, I wouldn't sell those puts just yet... and while SDS is a very whippy son of a gun, SSO may be a bit more to one's liking. (Rog, do you use SSO, or even options on SSO or SPY, in any way similar to your using SDS, and if not, why not?)
R in NY
Roger, your decision to get out of sterling way back deserves some merit. Was it around the 1.90 mark?
I think I saw it on the BBC at >1.50 to the $ today and under 1.20 to the Euro. I'm a bit relieved I'm now getting paid in dollars - who'd of thought that a year ago?
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