I am looking at Leveraged ETFs this week, specifically ProShares Ultra Short (REW) and Direxion Technology Bear 3X Shares (TECS). I carry both positions in our client's portfolio.
The Dow Jones Industrial Average closed at 17,148 on January 4th, 2016. On February 4, 2016, the Dow Jones Industrial Average hit a low of 15,960, a difference of 1118 points. Both funds have underperformed in a market that is supposedly designed for 'bear' climates like we are experiencing. Both funds are actually trading in the same direction as the overall market. We will take a harder look at these types of funds and find out this week if they are worth the hassle and expense.
Rick
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