Developed Markets Bear 3x (DPK)

shorting all ultrashorts, bears, and other "leveraged" funds.

bearish on euro markets & euro

Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing

Getting set for the pullback into the Fall.

Half-life period of leveraged ETF is inversely proportional to its volatility.

- (Knock, Knock)
- Who's there?
- .... (scratching)
- Who's there ...?
- (scratch, scratch)
- What the? ... (sound of door creaking open)
- AHHHHHH!!!!!!
- ROAR!! (jaws snapping, claws scraping against wood, etc.)

... What did you expect the bear to say? It's just a bear.

(Anyways, I think the market is heading down for awhile, hence the pick)

Also check out this post of mine:

This Rally was Pure Weapons Grade Balognium
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=217154

Based on my call that the rally is going to see a pull-back over the next few weeks I am giving all Bear ETFs a thumbs up and all Bull ETFs a thumbs down in the short run. I am only invested in a small sampling of these bear ETFs but in order to raise my CAPS score I entered several here.

sound like we heading south

no backbone for this rally

Fading every pick made by Ultralong

Market neutral arbitrage strategy. Has yielded around 200 points since mid March. The accuracy, as expected, is 50%. See blog.

Developed Markets Bear 3x (DPK)
51.31 -2.43 (-4.52%)
4/24/2009 3:58 PM
MF 1*
52 week 52.44-136.18
Following GMX pick

This is one of many of UltraLong's Picks. With the VIX going down when the market goes down, as it has in the past few days, it's time to go long. The bottom is in. The worst sector, banks is being marked-to-profit. It's time to go long. Seeing as how it's easier to just copy UltraLong's picks than create a new list of my own by sorting through an immense quantity of etf providers, I'm joining him since I can't beat him.

Waaaaay better to short a bear than long a bull, at least in caps. Leverage fees for free!

In a global recession like the one we are dealing with now, it will be the combined efforts of multiple developed nations that are going to lead us back into a bull market, it wont just be the United States alone. This seems like a logical bet against continued bearishness.

UItraLong

Because Ultras Suck

Bad news has battered the market and it is time for a rally. I recommend shorting this etf. Over the long term the expenses of this etf alone will eat away at gains. A combination of this and the fact that at some point the market will move higher will result in this etf under-performing dramatically.