View Single Post
  #13  
Old 11-20-2007, 10:39 AM
CrushinFelt CrushinFelt is offline
Senior Member
 
Join Date: Aug 2006
Posts: 2,071
Default Re: Ultrashort ETF: Good if Feeling Bearish?

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I would stay very far away from these investments.

First, stocks have a positive expectation (derived from the risk premium). Shorting an asset with a positive expectation is -EV.

[/ QUOTE ]

this is very poor reasoning.



[/ QUOTE ]

I know his reasoning can't be correct, but I don't see why. Can you explain further?

[/ QUOTE ]

I feel dirty. Like a poker player just threw up on my wall street journal.
Reply With Quote