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SockMarket (42.45)

August 2009

Recs

2

Home Delinquencies are on the upswing

August 21, 2009 – Comments (2) | RELATED TICKERS: MTG

from IBD:  [more]

Recs

11

JP Morgan Chase auctions off the wrong house

August 19, 2009 – Comments (3) | RELATED TICKERS: JPM

Link  [more]

Recs

4

The Road to Irrelevance: Decay Rates for Leveraged and Derivative Funds

August 05, 2009 – Comments (4)

Average decay rates (% difference between where a fund is currently trading and where it ought to be trading based on underlying index’s return) are as follow, all are over a 1 year time frame

Inverse Funds (1x): 42.6%
Funds used in calculation:
Short S&P (SH) –25%
Short Oil and Gas (DDG) –78%
Short NASDAQ (PSQ) – 30%
Short Dow (DOG) – 30% (what a fitting ticker)
Short Russell (RWM) –50%

Ultra and UltraShort: -65% (w/o SKF –53%)
Ultrashort Financials (SKF) –102%
Ultrashort NASDAQ (QID) –53%
Ultrashort Dow –53%
Ultrashort S&P –52%

Ultra: -8%

Ultra NASDAQ (QLD) –10%
Ultra Dow (DDM) –5%
Ultra S&P 500 (SSO) –9%

3x: 27% annualized (w/ today’s numbers for FAS +1.26%)
3x Financials (FAS): (as of July 15) –49% (annualized) +34.8 using today’s numbers (note that FAS has headed for the stars since Jul 15 and numbers aren’t representative of usual return, hence the discount)
3x Tech (TYH) –13% (annualized)
3x Bear Midcap (MWN) –18% (annualized)
  [more]

Recs

1

The Road to Irrelevancy: Even Short (1x) Funds Decay

August 05, 2009 – Comments (1) | RELATED TICKERS: SPY , SH

a comparison of Short S&P 500 (SH) and the S&P itself. If this is done right the returns should be exactly inverse, but...   [more]

Recs

3

Bank failure update

August 03, 2009 – Comments (0)

"The FDIC closed 4 banks Fri.—in Fla., N.J., Ohio andOkla.—bringing the totalnumberof failed U.S. banks this year to 68." - IBD today  [more]

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