The Wackiest ETFs Around
We were brainstorming around TMF Interglactic HQ the other day trying to come up with some of the more strange potential ETFs that could be listed in 2010. Commodities such as gold and oil have their own ETFs, GLD and USO, respectively. And there's also the ultralong 3x and ultrashort 3x for the financials, FAS and FAZ, respectively.
So all these superhot sectors have their own ETFs and the funds are often highly-leveraged as well (3x!). So where’s the superhot restaurant ETF that’s a must-have and that will score me boffo CAPS points and/or real-life dough? You mean, there isn’t one??? I wanted to bet on restaurants to $5,000 as the dollar tanked.
So I proposed a 3x Bullish Restaurants ETF (ok, Fool editor-in-chief Brian Richards did) as well as a 3x Smallcap Retail ETF, to get the exposure to the smallcap retail space that my portfolio desperately needs. I like that. You could have the short smallcap retailer ETF as well, for when Wal-Mart starts giving away goods, because it's so ruthlessly efficient.
I'd also like a 3x Rambus ETF, both long and short versions. The entire portfolio is just Rambus, so that you ride the stock's mega volatility in whichever direction you like.
So, Fools, what's the strangest ETF you can dream up?
No posiitions in any ticker