Ladies and Gentlemen, our long National Nightmare has ended. At 10:24 AM, FAS and FAZ kissed at $9.56. The world is right again. We're Back, Back in the New York Groove. Kind of disappointing though. I was kind of picturing the moment they met would be like that scene at the end of Return of the Je ... Read more

Looking at some of the worst performing ETFs over the past four weeks, one can see that the more some trends change, the more others will stay the same. Betting against financials in 2008 was a winning play. Recently that has been anything but the case. Betting against health care or real estate ... Read more

OK, if you are of the opinion that a VIX in the 40's shows no fear, or not enough fear, please remember that the VIX is not the sole arbiter on this subject. SKF and FAZ price action itself is one other thing to look at, as are options on FAZ and SKF. And both are smoking. With 11+ trading ... Read more

So I tweeted yesterday that FAS at this point, $4, was just a de facto call option on the financials. And you know what, upon further review, that doesn't make any sense. I mean any more sense than typing in that same though with FAS at $6, or FAS at $60 for that matter. Two facts about lev ... ... Read more