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March 21, 2007
Too many ETF’s, Wed., Mar. 21, 2007, 4:11 PM
Getting known for my soapbox, Forbes asked me my opinion on the proliferation of Exchange Traded Funds. I responded, “If you happen NOT to be a quant fund, there is absolutely too many!” and the editor replied, “There’s a story there.”
So he ran it. Here’s the link.
I followed up with,
Do we really need all these US large and mid cap trackers, or these leveraged, inverse and double inverse trackers?How about the MZZ UltraShort Mid Cap 400 ProShare tracker stock?
I mean are we getting to the point where it's ok to walk into the Starbucks and order, "decaf grande half-soy, half-low fat, iced vanilla, double-shot, gingerbread cappuccino, extra dry, light ice, with one Sweet-n'-Low and one NutraSweet"?
A reader gave us that last quote as someone who has gone a little over the top, which is what I think of all these ETF’s.
But, if you are a computer, hey, go for it.
Posted by Posted by Bill Cara on March 21, 2007 04:11:25 PM | Category: ETF
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ALOHA !!
What better way for a HB&B bank to "create" their own little NYSE or NASDAQ? Double stacking and triple stacking ... up and down the spectrum of "casino" games!
Everyone knows my position on such ETFs like GLD and SLV ...
My question arises in terms of ETF liabilities in the event these banks default. Do the ETFs becaome part of the banks "general assets" where creditors take possession or liquidate?
I guess the answer is: READ THE FINE PRINT !! Whats the legal minimum font size "8"?
Posted by: kaimu![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
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March 21, 2007 7:27 PM [link]