Quote:
Originally Posted by bolo00911@hotmail.com
I believe you have UYG confused with SKF.
UYG is bullish when the Banks do well.
SKF does well when the banks do bad. This is the inverse you are talking about.
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Eventually, the leveraged product implements the wrong futures contract and the thing comes tumbling down. Moreover, think about it, double the upside and double the downside. That has much more pressure to the downside.