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Tuesday, December 01, 2009

To Be Effective or To Be Honest

Climate Change Scientists' Ethical Dilemma

Here is a quote from a leading scientist-activist behind the Climate Change movement:

I readily confess a lingering frustration: uncertainties so infuse the issue of climate change that it is still impossible to rule out either mild or catastrophic outcomes, let alone provide confident probabilities for all the claims and counterclaims made about environmental problems. Even the most credible international assessment body, the Intergovernmental Panel on Climate Change (IPCC), has refused to attempt subjective probabilistic estimates of future temperatures. This has forced politicians to make their own guesses about the likelihood of various degrees of global warming.

On the one hand, as scientists we are ethically bound to the scientific method, in effect promising to tell the truth, the whole truth, and nothing but - which means that we must include all the doubts, the caveats, the ifs, ands, and buts. On the other hand, we are not just scientists but human beings as well. And like most people we'd like to see the world a better place, which in this context translates into our working to reduce the risk of potentially disastrous climatic change. To do that we need to get some broadbased support, to capture the public's imagination. That, of course, entails getting loads of media coverage. So we have to offer up scary scenarios, make simplified, dramatic statements, and make little mention of any doubts we might have. This 'double ethical bind' we frequently find ourselves in cannot be solved by any formula. Each of us has to decide what the right balance is between being effective and being honest. I hope that means being both.

            ---Stephen Schneider, Professor of Environmental Biology and Global Change at Stanford University

Schneider sounds like he should have been a banker, considering how he tries to balance "being effective and being honest". Anyone who admits to potentially compromising being honest cannot be trusted.

Be very skeptical of anyone claiming there is a "consensus" of scientists concerning Global Warming. And, keep your hand on your wallet. These scientists spend most of their time writing grant proposals and will do anything to get that next grant. That is, they are forced to "offer up scary scenarios, make simplified, dramatic statements, and make little mention of any doubts". Clearly, they are not being honest, but believe their "greater effectiveness" makes up for that ethical lapse.

Herd On The Street

The Price-Earnings Ratio of the S&P 500 Index is currently 87 (no link currently available).

Change From 20 Jan 2009 and 30 Nov 2009 To 1 Dec 2009 (ETF tickers in the table are links to Money Flow charts)

SecurityPercentage Change From 20 Jan 2009Percentage Change From 30 Nov 2009Change in Dow Jones Industrial Average Points
Dow Jones Industrial Average (index)+31.73%+1.23%+126.74
DIAMONDS TRUST SERIES 1 (DIA)+31.89%+1.11%+114.85
ULTRA DOW30 PROSHARES (DDM)+68.86%+2.29%+237.07
ULTRASHORT DOW30 PROSHARES (DXD)-54.03%-2.32%-240.50
S&P 500 (index)+37.64%+1.16%+119.63
S&P SPDRS (SPY)+38.14%+1.24%+127.97
ULTRA S&P500 PROSHARES (SSO)+80.57%+2.28%+235.49
ULTRASHORT S&P500 PROSHARES (SDS)-58.94%-2.41%-249.07
NYSE Composite (index)+42.59%+1.69%+174.62
ISHARES NYSE COMPOSITE INDEX (NYC)+43.16%+1.64%+169.77
S&P SmallCap 600 (index)+34.84%+1.49%+153.85
ULTRA S&P SMALLCAP600 PROSHARES (SAA)+63.65%+2.72%+281.81
SHORT S&P SMALLCAP600 PROSHARES (SBB)-34.86%-1.43%-148.44
ULTRASHORT SMALLCAP600 PROSHARES (SDD)-61.95%-2.49%-257.96
Russell 2000 (index)+35.88%+1.64%+169.52
ISHARES RUSSELL 2000 INDEX (IWM)+36.14%+1.55%+160.27
ULTRA RUSSELL2000 PROSHARES (UWM)+65.11%+3.15%+326.32
ULTRASHORT RUSSELL2000 PROSHARES (TWM)-63.82%-3.17%-327.96
NASDAQ-100 (index)+57.31%+1.16%+120.40
POWERSHARES QQQ (QQQQ)+57.40%+1.03%+106.87
ULTRA QQQ PROSHARES (QLD)+130.99%+2.12%+219.53
ULTRASHORT QQQ PROSHARES (QID)-67.13%-2.21%-229.13
S&P MidCap 400 (index)+43.14%+1.54%+159.23
ISHARES S&P MIDCAP 400 INDEX (IJH)+43.57%+1.36%+140.30
ULTRA MIDCAP400 PROSHARES (MVV)+87.84%+2.82%+291.60
ULTRASHORT MIDCAP400 PROSHARES (MZZ)-64.70%-2.92%-301.83
GREENHAVEN CONTINUOUS COMMODITY (GCC)+23.46%+0.57%+59.43
Amex Gold (index)+74.15%+5.42%+560.71
MV GOLD MINERS ETF (GDX)+73.83%+5.03%+520.18
SPDR GOLD SHARES (GLD)+38.88%+1.50%+155.66
ULTRA GOLD PROSHARES (UGL)+78.95%+2.89%+298.68
ULTRASHORT GOLD PROSHARES (GLL)-55.76%-2.98%-308.29
IPATH DJ AIG PLATINUM TR SUB-IDX (PGM)+94.41%+4.79%+495.49
PS DB GOLD DOUBLE SHORT ETN (DZZ)-54.15%-3.09%-319.60
PS DB GOLD DOUBLE LONG ETN (DGP)+83.04%+2.91%+301.01
ULTRA SILVER PROSHARES (AGQ)+143.09%+6.77%+700.55
ULTRASHORT SILVER PROSHARES (ZSL)-78.14%-6.62%-684.58
Semiconductor Sector (index)+59.97%+2.37%+245.09
ULTRA SEMICONDUCTOR PROSHARES (USD)+145.27%+5.72%+591.69
ULTRASHORT SEMICONDUCTOR PROSHAR (SSG)-75.34%-5.79%-598.79
ISHARES DJ US FINANCIAL SECTOR (IYF)+67.00%+0.29%+29.83
ISHARES 20+ YEAR TREAS BOND (TLT)-16.65%-1.43%-147.74
ISHARES 7-10 YEAR TREASURY (IEF)-5.50%-0.77%-80.04
ISHARES AGGREGATE BOND (AGG)+2.10%-0.58%-59.63
ISHARES IBOXX $ INVEST GRADE COR (LQD)+6.15%-0.92%-95.49
ISHARES 1-3 YEAR TREASURY BOND (SHY)-0.93%-0.66%-68.70
ProShares ETFs
PROSHARES ULTRASHORT (TWQ)·-2.22%-229.54
ULTRASHORT 7-10 YEAR TREASURY PR (PST)-4.84%+1.04%+108.06
ULTRASHORT 20+ YEAR TREASURY PRO (TBT)+12.37%+2.33%+240.58
SHORT QQQ PROSHARES (PSQ)-41.00%-1.13%-116.61
SHORT DOW30 PROSHARES (DOG)-30.54%-1.13%-117.33
SHORT S&P500 PROSHARES (SH)-33.95%-1.19%-123.36
SHORT MIDCAP400 PROSHARES (MYY)-37.86%-1.46%-151.13
SHORT S&P SMALLCAP600 PROSHARES (SBB)-34.86%-1.43%-148.44
SHORT RUSSELL2000 PROSHARES (RWM)-36.45%-1.73%-178.88
ULTRASHORT QQQ PROSHARES (QID)-67.13%-2.21%-229.13
ULTRASHORT DOW30 PROSHARES (DXD)-54.03%-2.32%-240.50
ULTRASHORT S&P500 PROSHARES (SDS)-58.94%-2.41%-249.07
ULTRASHORT MIDCAP400 PROSHARES (MZZ)-64.70%-2.92%-301.83
ULTRASHORT SMALLCAP600 PROSHARES (SDD)-61.95%-2.49%-257.96
ULTRASHORT RUSSELL2000 PROSHARES (TWM)-63.82%-3.17%-327.96
ULTRASHORT RUSSELL1000 GROWTH PR (SFK)-60.16%-2.80%-289.66
ULTRASHORT RUSSELL MIDCAP VAL PR (SJL)-70.03%-2.59%-267.75
ULTRASHORT RUSSELL MIDCAP GR PRO (SDK)-67.28%-3.10%-320.34
ULTRASHORT RUSSELL2000 VALUE PRO (SJH)-64.34%-3.19%-329.56
ULTRASHORT RUSSELL2000 GROWTH PR (SKK)-70.07%-3.11%-321.21
ULTRASHORT BASIC MATERIALS PROSH (SMN)-80.21%-3.22%-332.60
ULTRASHORT CONSUMER GOODS PROSHA (SZK)-48.25%-2.92%-301.61
ULTRASHORT CONSUMER SERVICES PRO (SCC)-59.50%-2.65%-274.57
ULTRASHORT FINANCIALS PROSHARES (SKF)-87.84%-0.74%-76.19
ULTRASHORT HEALTH CARE PROSHARES (RXD)-42.85%-2.38%-246.17
ULTRASHORT INDUSTRIALS PROSHARES (SIJ)-62.57%-2.73%-282.31
ULTRASHORT OIL & GAS PROSHARES (DUG)-55.65%-2.82%-292.09
ULTRASHORT REAL ESTATE PROSHARES (SRS)-88.09%-2.53%-261.29
ULTRASHORT SEMICONDUCTOR PROSHAR (SSG)-75.34%-5.79%-598.79
ULTRASHORT TECHNOLOGY PROSHARES (REW)-71.36%-2.90%-299.50
ULTRASHORT UTILITIES PROSHARES (SDP)-50.75%-3.35%-346.16
SHORT MSCI EMERGING MKTS PROSHAR (EUM)-56.33%-2.79%-288.57
SHORT MSCI EAFE PROSHARES (EFZ)-42.24%-2.75%-284.00
ULTRASHORT MSCI EAFE PROSHARES (EFU)-69.31%-5.59%-577.76
ULTRASHORT MSCI EMERGING MKTS PR (EEV)-83.51%-5.70%-589.37
ULTRASHORT MSCI JAPAN PROSHARES (EWV)-42.24%-7.23%-748.03
ULTRASHORT FTSE/XINHUA CHINA25 P (FXP)-84.61%-5.33%-551.90
ULTRA QQQ PROSHARES (QLD)+130.99%+2.12%+219.53
ULTRA DOW30 PROSHARES (DDM)+68.86%+2.29%+237.07
ULTRA S&P500 PROSHARES (SSO)+80.57%+2.28%+235.49
ULTRA MIDCAP400 PROSHARES (MVV)+87.84%+2.82%+291.60
ULTRA S&P SMALLCAP600 PROSHARES (SAA)+63.65%+2.72%+281.81
ULTRA RUSSELL2000 PROSHARES (UWM)+65.11%+3.15%+326.32
ULTRA RUSSELL1000 VALUE PROSHARE (UVG)+69.28%+2.32%+240.15
ULTRA RUSSELL1000 GROWTH PROSHAR (UKF)+95.08%+2.45%+253.07
ULTRA RUSSELL MIDCAP VALUE PROSH (UVU)+82.50%+2.44%+252.87
ULTRA RUSSELL MIDCAP GROWTH PROS (UKW)+105.88%+3.12%+323.16
ULTRA RUSSELL2000 VALUE PROSHARE (UVT)+52.68%+2.98%+308.56
ULTRA RUSSELL2000 GROWTH PROSHAR (UKK)+77.44%+3.31%+342.73
ULTRA BASIC MATERIALS PROSHARES (UYM)+167.93%+3.30%+341.59
ULTRA CONSUMER GOODS PROSHARES (UGE)+62.55%+3.15%+325.41
ULTRA CONSUMER SERVICES PROSHARE (UCC)+85.14%+2.41%+249.51
ULTRA FINANCIALS PROSHARES (UYG)+108.06%+0.53%+54.93
ULTRA HEALTH CARE PROSHARES (RXL)+48.01%+2.50%+258.78
ULTRA INDUSTRIALS PROSHARES (UXI)+71.84%+2.75%+283.99
ULTRA OIL & GAS PROSHARES (DIG)+46.00%+2.88%+297.52
ULTRA REAL ESTATE PROSHARES (URE)+56.03%+2.81%+291.16
ULTRA SEMICONDUCTOR PROSHARES (USD)+145.27%+5.72%+591.69
ULTRA TECHNOLOGY PROSHARES (ROM)+156.59%+2.80%+289.88
ULTRA UTILITIES PROSHARES (UPW)+15.51%+3.70%+382.26
Other ETFs
PS NASDAQ INTERNET (PNQI)+104.94%+2.26%+233.88
PS DB BASE METALS DBLE SHRT ETN (BOM)-74.44%-5.47%-565.73
PS DB BASE METALS DBLE LONG ETN (BDD)+206.14%+4.25%+439.49
PS DB BASE METALS SHORT ETN (BOS)-47.70%-2.72%-280.89
PS DB CRUDE OIL DBLE SHORT ETN (DTO)-64.20%-2.37%-244.92
PS DB CRUDE OIL SHORT ETN (SZO)-35.72%-1.00%-102.93
PS DB CRUDE OIL LONG ETN (OLO)+50.00%+0.88%+90.94
IPATH S&P GSCI CRUDE OIL TTL RET (OIL)+37.18%+1.12%+115.96
IPATH DJ AIG NATURAL GAS TR SUB- (GAZ)-45.27%-2.44%-252.31
IPATH DJ AIG ENERGY TR SUB-IDX E (JJE)+6.39%-0.15%-16.00
MV AGRIBUSINESS ETF (MOO)+70.37%+3.04%+314.14
PS GLOBAL AGRICULTURE (PAGG)+71.63%+1.29%+133.84
PS DB AGRICULTURE (DBA)+6.82%+0.45%+46.86
IPATH DJ AIG AGRICULTURE TR SUB- (JJA)+13.98%+0.24%+25.25
ELEMENTS ROGERS INTL COMMODITY A (RJA)+10.50%-0.25%-25.80
IPATH DJ AIG COFFEE TR SUB-IDX E (JO)+11.88%+0.10%+10.21
IPATH DJ AIG COCOA TR SUB-IDX ET (NIB)+29.75%+3.50%+362.30
IPATH DJ AIG COTTON TR SUB-IDX E (BAL)+29.52%-1.42%-147.22
IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG)+49.79%+0.61%+63.32
IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU)+38.97%+1.78%+184.54
IPATH DJ AIG GRAINS TR SUB-IDX E (JJG)+4.80%-0.29%-29.50
IPATH DJ AIG COPPER TR SUB-IDX E (JJC)+111.98%+1.36%+140.37
IPATH DJ AIG LEAD TR SUB-IDX ETN (LD)+105.86%+4.43%+458.76
IPATH DJ AIG NICKEL TR SUB-IDX E (JJN)+45.32%-0.08%-8.47
IPATH DJ AIG TIN TR SUB-IDX ETN (JJT)+45.47%+0.87%+90.36
ULTRASHORT EURO PROSHARES (EUO)-31.12%-0.94%-97.36
ULTRASHORT YEN PROSHARES (YCS)-11.51%+0.32%+33.32
PS DB US DOLLAR INDEX BULLISH (UUP)-15.54%-0.45%-46.66
PS DB US DOLLAR INDEX BEARISH (UDN)+16.22%+0.52%+54.14
Classic ETFs
BIOTECH HOLDRS (BBH)-41.49%+0.97%+99.95
ISHARES NASDAQ BIOTECHNOLOGY (IBB)+17.02%+1.47%+151.72
ISHARES COHEN & STEERS REALTY MA (ICF)+44.94%+1.23%+126.97
ISHARES DJ US UTILITIES (IDU)+7.81%+1.61%+166.52
ISHARES S&P NORTH AMER NATURAL R (IGE)+50.26%+1.79%+185.54
ISHARES S&P NORTH AMER TECHNOLOG (IGM)+65.68%+1.23%+127.02
ISHARES S&P NORTH AMER TECH-MULT (IGN)+61.42%+2.19%+226.38
ISHARES S&P NORTH AMER TECH-SOFT (IGV)+52.44%+1.83%+189.62
ISHARES S&P NORTH AMER TECH-SEMI (IGW)+69.16%+3.23%+334.01
ISHARES S&P MIDCAP 400 VALUE IND (IJJ)+38.87%+1.40%+144.81
ISHARES S&P MIDCAP 400 GROWTH IN (IJK)+48.01%+1.58%+163.92
ISHARES S&P SMALLCAP 600 INDEX (IJR)+34.99%+1.50%+155.04
ISHARES S&P SMALLCAP 600 VALUE I (IJS)+34.41%+1.71%+177.31
ISHARES S&P SMALLCAP 600 GROWTH (IJT)+35.51%+1.24%+127.86
ISHARES S&P 500 VALUE INDEX (IVE)+36.93%+1.18%+122.31
ISHARES RUSSELL 1000 INDEX (IWB)+39.08%+1.20%+123.71
ISHARES RUSSELL 1000 VALUE INDEX (IWD)+35.02%+1.22%+125.69
ISHARES RUSSELL 1000 GROWTH INDE (IWF)+42.87%+1.21%+125.66
ISHARES RUSSELL 2000 INDEX (IWM)+36.14%+1.55%+160.27
ISHARES RUSSELL 2000 VALUE INDEX (IWN)+32.08%+1.90%+196.37
ISHARES RUSSELL 2000 GROWTH INDE (IWO)+40.40%+1.59%+164.07
ISHARES RUSSELL MIDCAP GROWTH IN (IWP)+49.42%+1.59%+164.24
ISHARES RUSSELL MIDCAP INDEX (IWR)+46.02%+1.54%+159.54
ISHARES RUSSELL MIDCAP VALUE IND (IWS)+41.77%+1.22%+125.73
ISHARES RUSSELL 3000 INDEX (IWV)+38.93%+1.13%+116.62
ISHARES RUSSELL 3000 VALUE INDEX (IWW)+34.66%+1.15%+118.86
ISHARES RUSSELL 3000 GROWTH INDE (IWZ)+42.81%+1.32%+136.95
ISHARES S&P GLOBAL ENERGY (IXC)+38.35%+2.00%+206.67
ISHARES S&P GLOBAL FINANCIALS (IXG)+87.98%+1.50%+155.10
ISHARES S&P GLOBAL HEALTHCARE (IXJ)+22.46%+1.27%+131.02
ISHARES S&P GLOBAL TECHNOLOGY (IXN)+57.69%+1.87%+193.05
ISHARES S&P GLOBAL TELECOMMUNICA (IXP)+26.75%+2.05%+212.18
ISHARES DJ US CONSUMER SERVICES (IYC)+40.00%+1.30%+134.70
ISHARES DJ US ENERGY (IYE)+29.07%+1.47%+152.04
ISHARES DJ US FINANCIAL SERVICES (IYG)+88.53%+0.02%+1.89
ISHARES DJ US HEALTHCARE (IYH)+23.52%+1.27%+130.91
ISHARES DJ US INDUSTRIAL (IYJ)+36.84%+1.50%+155.05
ISHARES DJ US CONSUMER GOODS (IYK)+27.76%+1.45%+149.65
ISHARES DJ US BASIC MATERIALS (IYM)+75.92%+1.46%+151.41
ISHARES DJ US REAL ESTATE (IYR)+46.99%+1.29%+133.42
ISHARES DJ TRANSPORTATION AVERAG (IYT)+35.32%+1.13%+116.94
ISHARES DJ US TECHNOLOGY (IYW)·+1.37%+141.45
ISHARES DJ U.S. INDEX (IYY)+39.24%+1.20%+123.88
ISHARES DJ US TELECOM (IYZ)+23.98%+1.83%+189.30
ISHARES MORNINGSTAR LARGE CORE I (JKD)+34.05%+0.96%+99.60
ISHARES MORNINGSTAR LARGE GROWTH (JKE)+50.22%+1.12%+116.34
ISHARES MORNINGSTAR LARGE VALUE (JKF)+27.24%+1.08%+112.11
ISHARES MORNINGSTAR MID CORE IND (JKG)+43.99%+1.38%+142.50
ISHARES MORNINGSTAR MID GROWTH I (JKH)+45.33%+1.48%+153.35
ISHARES MORNINGSTAR MID VALUE IN (JKI)+45.47%+1.63%+168.39
ISHARES MORNINGSTAR SMALL CORE I (JKJ)+48.37%+1.84%+190.20
ISHARES MORNINGSTAR SMALL VALUE (JKL)+51.62%+1.87%+193.53
MIDCAP SPDRS (MDY)+43.38%+1.48%+153.55
ISHARES NYSE 100 INDEX (NY)+29.40%+1.29%+133.62
ISHARES S&P 100 INDEX (OEF)+35.71%+1.11%+114.85
OIL SERVICES HOLDRS (OIH)+75.52%+1.19%+123.19
FIDELITY NASDAQ COMPOSITE INDEX (ONEQ)+50.05%+1.40%+144.36
RYDEX S&P EQUAL WEIGHT (RSP)+53.81%+1.27%+130.98
SEMICONDUCTOR HOLDRS (SMH)+59.46%+2.91%+300.68
MATERIALS SELECT SECTOR SPDR (XLB)+55.76%+1.94%+200.53
ENERGY SELECT SECTOR SPDR (XLE)+30.66%+1.32%+136.55
FINANCIAL SELECT SECTOR SPDR (XLF)+81.56%+0.07%+7.06
INDUSTRIAL SELECT SECTOR SPDR (XLI)+34.36%+1.64%+169.22
TECHNOLOGY SELECT SECTOR SPDR (XLK)+54.22%+1.61%+166.47
CONSUMER STAPLES SELECT SECTOR S (XLP)+19.71%+1.38%+142.93
UTILITIES SELECT SECTOR SPDR (XLU)+6.76%+1.88%+194.66
HEALTH CARE SELECT SECTOR SPDR (XLV)+22.77%+1.76%+182.08
CONSUMER DISCRET SELECT SECTOR S (XLY)+49.85%+1.57%+162.65
300% Leverage ETFs
DIREXION DAILY 10-YE (TYD)·-2.31%-239.11
DIREXION 10Y BEAR (TYO)·+2.04%+210.97
DIREXION DAILY 30Y T (TMF)·-4.09%-422.72
DIREXION DAILY 30Y B (TMV)·+3.96%+410.14
DIREXION DAILY LARGE CAP BULL 3X (BGU)+96.42%+3.58%+369.98
DIREXION DAILY LARGE CAP BEAR 3X (BGZ)-77.09%-3.52%-363.66
DIREXION DAILY MID CAP BULL 3X S (MWJ)+102.30%+4.08%+421.60
DIREXION DAILY MID CAP BEAR 3X S (MWN)-64.71%-4.42%-457.58
DIREXION DAILY SMALL CAP BULL 3X (TNA)+60.28%+4.57%+472.41
DIREXION DAILY SMALL CAP BEAR 3X (TZA)-82.00%-4.84%-500.82
DIREXION DAILY ENERGY BULL 3X SH (ERX)+34.33%+3.90%+403.77
DIREXION DAILY ENERGY BEAR 3X SH (ERY)-74.48%-4.11%-424.77
DIREXION DAILY FINANCIAL BULL 3X (FAS)+99.24%+0.77%+79.54
DIREXION DAILY FINANCIAL BEAR 3X (FAZ)-97.80%-0.97%-100.33
DIREXION DAILY TECHNOLOGY BULL 3 (TYH)+218.74%+4.34%+448.68
DIREXION DAILY TECHNOLOGY BEAR 3 (TYP)-86.48%-4.23%-437.11
DIREXION DAILY DEVLPD MRKTS BULL (DZK)+130.98%+8.19%+846.96
DIREXION DAILY DEVLPD MRKTS BEAR (DPK)-84.59%-7.81%-807.78
DIREXION DAILY EMRG MRKTS BULL 3 (EDC)+302.03%+8.09%+836.53
DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ)-94.53%-8.08%-835.76
PROSHARES (UPRO)·+3.29%+339.97
PROSHARES (SPXU)·-3.41%-352.66




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Walking Away From Underwater Mortgages

LA Times: Brent T. White, a University of Arizona law school professor, says that it's in the homeowners' best financial interest to stiff their lenders and that it's not immoral to do so.

This is a lesson many Texans learned back in the Eighties' real estate bust. It's better to cut your losses and stop paying your mortgage company. Strangely, many homeowners continue pouring good money after bad. Clearly, these are typical investors. You know what we mean, the ones who buy a stock for a quick trade, the price drops and it becomes a permanent lead weight in their portfolio because they refuse to take a loss.

The main point, he said, is that too often people's emotions get in the way of clear financial thinking about mortgages, turning them into what he calls "woodheads" -- "individuals who choose not to act in their own self-interest." Most owners are too worried about feelings of shame and embarrassment after a foreclosure, and ignore the powerful financial reasons for doing so.

Buttressing these emotions is a system that White labels "the social control of the housing crisis" -- pressures and messages continually sent to consumers by the "social control agents," namely banks, government and the media. The mantra that these agents -- all the way up to President Obama -- pound into owners' heads, White said, is that "voluntarily defaulting on a mortgage is immoral."

Yet there is an inherent imbalance in the borrower-lender relationship that makes this morality message unfair to consumers, White says: Banks set the rules during the housing boom, handing out home loans with no down payments, no income checks and inflated appraisals. Now that property values have dropped 20% to 50% in many areas, banks have been slow to modify troubled mortgages and reluctant to reduce principal debts.

Only when homeowners cut through the emotional fog and default strategically in large numbers, White argues, will this inequitable situation be seriously addressed.

Maybe that's why another name for the public is "sheeple". Or, as Scott Adams says, "In-duh-viduals". Most mortgagees think of themselves as owners, but nothing could be further from the truth. They are simply renters with an intention to buy. And, they should decide to stop renting when the purchase price exceeds the fair market value of the home by a substantial margin.

Loan Modifications Are a Sham

Bank of America and other Wall Street banks are supposedly "modifying mortgage loans" under a government program. In reality, what they are doing is totally illegal. They are receiving voluminous documentation required by the program, then falsely claiming that applicants aren't supplying required documentation and denying the modifications. This allows them to try to foreclose on applicants' homes. And, they are getting away with it because they are, simply, "the banks" and they run the country. The banks are acting like schoolyard bullies.

Thomas Jefferson, author of the Declaration of Independence and the first "rational anarchist", never knew just how accurate he would be when he predicted,

"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."

It's happening right now and Bank of America, via their Countrywide subsidiary, is leading the charge to illegally dispossess Americans of their homes.

The prediction has turned out to be amazingly accurate:

  • "If the American people ever allow private banks to control the issue of their money"... The Federal Reserve Bank was created by Congress under an unconstitutional law in the early part of the 20th Century. The Congress delegated their constitutional right to create money to this private corporation, which is wholly owned by the bankers and whose CEO is not elected by the people, but selected by the President.
  • "first by inflation"... The bankers have generated massive inflation---the US Dollar has lost 95% of its value since the Federal Reserve Bank was established.
  • "and then by deflation"... The bankers have generated massive deflation (the Great Depression and this depression are examples of this deflation of values).
  • "the banks and corporations that will grow up around [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered."... The bankers are trying to deprive the people of their property right now. They will succeed as long as "good Americans" stand idly by and allow their fellow citizens to be pillaged by the bankers. Remember, back in the Thirties, it was the "good Germans" who stood idly by while Hitler attacked the Jews. If the "good Germans" had done their duty and killed Hitler whenever they had the chance, millions of people would have lived who died in World War II.

Herd On The Street

The Price-Earnings Ratio of the S&P 500 Index is currently 87 (no link currently available).

Change From 20 Jan 2009 and 27 Nov 2009 To 30 Nov 2009 (ETF tickers in the table are links to Money Flow charts)

SecurityPercentage Change From 20 Jan 2009Percentage Change From 27 Nov 2009Change in Dow Jones Industrial Average Points
Dow Jones Industrial Average (index)+30.14%+0.34%+34.92
DIAMONDS TRUST SERIES 1 (DIA)+30.44%+0.39%+39.97
ULTRA DOW30 PROSHARES (DDM)+65.07%+0.70%+72.10
ULTRASHORT DOW30 PROSHARES (DXD)-52.94%-0.66%-68.03
S&P 500 (index)+36.02%+0.32%+32.86
S&P SPDRS (SPY)+36.45%+0.34%+34.82
ULTRA S&P500 PROSHARES (SSO)+76.56%+0.65%+67.50
ULTRASHORT S&P500 PROSHARES (SDS)-57.93%-0.71%-72.82
NYSE Composite (index)+40.22%+0.31%+32.48
ISHARES NYSE COMPOSITE INDEX (NYC)+40.85%+0.59%+60.44
S&P SmallCap 600 (index)+32.84%+0.35%+35.77
ULTRA S&P SMALLCAP600 PROSHARES (SAA)+59.31%+0.72%+74.65
SHORT S&P SMALLCAP600 PROSHARES (SBB)-33.91%-0.33%-33.84
ULTRASHORT SMALLCAP600 PROSHARES (SDD)-60.97%-0.95%-97.94
Russell 2000 (index)+33.68%+0.41%+41.97
ISHARES RUSSELL 2000 INDEX (IWM)+34.06%+0.89%+91.32
ULTRA RUSSELL2000 PROSHARES (UWM)+60.07%+0.49%+50.93
ULTRASHORT RUSSELL2000 PROSHARES (TWM)-62.63%-0.80%-82.78
NASDAQ-100 (index)+55.53%+0.11%+11.39
POWERSHARES QQQ (QQQQ)+55.79%+0.11%+11.85
ULTRA QQQ PROSHARES (QLD)+126.19%+0.11%+11.53
ULTRASHORT QQQ PROSHARES (QID)-66.38%-0.14%-14.56
S&P MidCap 400 (index)+40.97%+0.14%+14.78
ISHARES S&P MIDCAP 400 INDEX (IJH)+41.64%+0.28%+28.65
ULTRA MIDCAP400 PROSHARES (MVV)+82.69%+0.38%+38.89
ULTRASHORT MIDCAP400 PROSHARES (MZZ)-63.64%-0.40%-41.04
GREENHAVEN CONTINUOUS COMMODITY (GCC)+22.76%+0.54%+55.58
Amex Gold (index)+65.20%+0.58%+60.08
MV GOLD MINERS ETF (GDX)+65.51%+0.57%+58.83
SPDR GOLD SHARES (GLD)+36.82%+0.50%+51.97
ULTRA GOLD PROSHARES (UGL)+73.93%+1.04%+107.56
ULTRASHORT GOLD PROSHARES (GLL)-54.40%-0.88%-90.24
IPATH DJ AIG PLATINUM TR SUB-IDX (PGM)+85.52%-2.59%-267.49
PS DB GOLD DOUBLE SHORT ETN (DZZ)-52.69%-1.52%-156.84
PS DB GOLD DOUBLE LONG ETN (DGP)+77.86%+1.05%+107.78
ULTRA SILVER PROSHARES (AGQ)+127.67%+2.08%+213.96
ULTRASHORT SILVER PROSHARES (ZSL)-76.59%-2.39%-246.65
Semiconductor Sector (index)+56.27%+0.59%+60.34
ULTRA SEMICONDUCTOR PROSHARES (USD)+132.00%+0.49%+50.35
ULTRASHORT SEMICONDUCTOR PROSHAR (SSG)-73.82%-0.47%-48.76
ISHARES DJ US FINANCIAL SECTOR (IYF)+66.52%+2.60%+268.42
ISHARES 20+ YEAR TREAS BOND (TLT)-15.44%+0.24%+24.60
ISHARES 7-10 YEAR TREASURY (IEF)-4.76%+0.16%+16.64
ISHARES AGGREGATE BOND (AGG)+2.69%+0.17%+17.57
ISHARES IBOXX $ INVEST GRADE COR (LQD)+7.14%+0.50%+51.20
ISHARES 1-3 YEAR TREASURY BOND (SHY)-0.27%+0.01%+1.22
ProShares ETFs
PROSHARES ULTRA 3000 (UWC)·-1.72%-177.19
PROSHARES ULTRASHORT (TWQ)·0.00%0.00
ULTRASHORT 7-10 YEAR TREASURY PR (PST)-5.83%-0.40%-41.26
ULTRASHORT 20+ YEAR TREASURY PRO (TBT)+9.82%-0.45%-46.35
SHORT QQQ PROSHARES (PSQ)-40.33%-0.02%-2.23
SHORT DOW30 PROSHARES (DOG)-29.75%-0.36%-36.90
SHORT S&P500 PROSHARES (SH)-33.15%-0.37%-38.28
SHORT MIDCAP400 PROSHARES (MYY)-36.94%-0.06%-6.54
SHORT S&P SMALLCAP600 PROSHARES (SBB)-33.91%-0.33%-33.84
SHORT RUSSELL2000 PROSHARES (RWM)-35.34%-0.31%-32.12
ULTRASHORT QQQ PROSHARES (QID)-66.38%-0.14%-14.56
ULTRASHORT DOW30 PROSHARES (DXD)-52.94%-0.66%-68.03
ULTRASHORT S&P500 PROSHARES (SDS)-57.93%-0.71%-72.82
ULTRASHORT MIDCAP400 PROSHARES (MZZ)-63.64%-0.40%-41.04
ULTRASHORT SMALLCAP600 PROSHARES (SDD)-60.97%-0.95%-97.94
ULTRASHORT RUSSELL2000 PROSHARES (TWM)-62.63%-0.80%-82.78
ULTRASHORT RUSSELL1000 VALUE PRO (SJF)-59.60%-1.11%-114.43
ULTRASHORT RUSSELL1000 GROWTH PR (SFK)-59.01%-0.35%-35.62
ULTRASHORT RUSSELL MIDCAP VAL PR (SJL)-69.24%-1.20%-123.27
ULTRASHORT RUSSELL MIDCAP GR PRO (SDK)-66.24%+0.13%+13.90
ULTRASHORT RUSSELL2000 VALUE PRO (SJH)-63.16%-1.44%-148.90
ULTRASHORT RUSSELL2000 GROWTH PR (SKK)-69.11%0.00%0.00
ULTRASHORT BASIC MATERIALS PROSH (SMN)-79.55%-0.77%-79.39
ULTRASHORT CONSUMER GOODS PROSHA (SZK)-46.70%+0.65%+66.70
ULTRASHORT CONSUMER SERVICES PRO (SCC)-58.40%+0.69%+71.44
ULTRASHORT FINANCIALS PROSHARES (SKF)-87.75%-5.23%-539.68
ULTRASHORT HEALTH CARE PROSHARES (RXD)-41.46%+0.49%+51.01
ULTRASHORT INDUSTRIALS PROSHARES (SIJ)-61.52%-0.19%-20.06
ULTRASHORT OIL & GAS PROSHARES (DUG)-54.37%-0.39%-40.27
ULTRASHORT REAL ESTATE PROSHARES (SRS)-87.79%-7.73%-797.27
ULTRASHORT SEMICONDUCTOR PROSHAR (SSG)-73.82%-0.47%-48.76
ULTRASHORT TECHNOLOGY PROSHARES (REW)-70.51%-0.16%-16.11
ULTRASHORT UTILITIES PROSHARES (SDP)-49.05%-1.19%-122.37
SHORT MSCI EMERGING MKTS PROSHAR (EUM)-55.08%-1.04%-106.73
SHORT MSCI EAFE PROSHARES (EFZ)-40.61%-0.39%-40.03
ULTRASHORT MSCI EAFE PROSHARES (EFU)-67.49%-0.45%-46.69
ULTRASHORT MSCI EMERGING MKTS PR (EEV)-82.51%-2.00%-206.20
ULTRASHORT MSCI JAPAN PROSHARES (EWV)-37.73%-3.76%-387.92
ULTRASHORT FTSE/XINHUA CHINA25 P (FXP)-83.74%-2.30%-237.44
ULTRA QQQ PROSHARES (QLD)+126.19%+0.11%+11.53
ULTRA DOW30 PROSHARES (DDM)+65.07%+0.70%+72.10
ULTRA S&P500 PROSHARES (SSO)+76.56%+0.65%+67.50
ULTRA MIDCAP400 PROSHARES (MVV)+82.69%+0.38%+38.89
ULTRA S&P SMALLCAP600 PROSHARES (SAA)+59.31%+0.72%+74.65
ULTRA RUSSELL2000 PROSHARES (UWM)+60.07%+0.49%+50.93
ULTRA RUSSELL1000 VALUE PROSHARE (UVG)+65.44%+1.27%+130.50
ULTRA RUSSELL1000 GROWTH PROSHAR (UKF)+90.42%+0.33%+33.74
ULTRA RUSSELL MIDCAP VALUE PROSH (UVU)+78.15%+1.31%+134.62
ULTRA RUSSELL MIDCAP GROWTH PROS (UKW)+99.65%-0.77%-79.89
ULTRA RUSSELL2000 VALUE PROSHARE (UVT)+48.25%+1.16%+120.07
ULTRA RUSSELL2000 GROWTH PROSHAR (UKK)+71.75%-0.15%-15.68
ULTRA BASIC MATERIALS PROSHARES (UYM)+159.36%+0.19%+20.06
ULTRA CONSUMER GOODS PROSHARES (UGE)+57.59%-1.42%-146.62
ULTRA CONSUMER SERVICES PROSHARE (UCC)+80.78%-0.79%-81.15
ULTRA FINANCIALS PROSHARES (UYG)+106.96%+5.02%+517.41
ULTRA HEALTH CARE PROSHARES (RXL)+44.40%-0.56%-57.70
ULTRA INDUSTRIALS PROSHARES (UXI)+67.25%+0.20%+20.75
ULTRA OIL & GAS PROSHARES (DIG)+41.92%+0.06%+5.93
ULTRA REAL ESTATE PROSHARES (URE)+51.76%+7.47%+770.49
ULTRA SEMICONDUCTOR PROSHARES (USD)+132.00%+0.49%+50.35
ULTRA TECHNOLOGY PROSHARES (ROM)+149.60%+0.34%+35.41
ULTRA UTILITIES PROSHARES (UPW)+11.39%+1.22%+125.55
Other ETFs
PS NASDAQ INTERNET (PNQI)+100.40%+0.41%+41.79
PS DB BASE METALS DBLE SHRT ETN (BOM)-72.96%-5.51%-568.26
PS DB BASE METALS DBLE LONG ETN (BDD)+193.67%+4.79%+494.31
PS DB BASE METALS SHORT ETN (BOS)-46.24%-2.80%-289.10
PS DB CRUDE OIL DBLE SHORT ETN (DTO)-63.33%-2.83%-292.03
PS DB CRUDE OIL SHORT ETN (SZO)-35.07%-1.51%-155.76
PS DB CRUDE OIL LONG ETN (OLO)+48.69%+2.02%+208.05
IPATH S&P GSCI CRUDE OIL TTL RET (OIL)+35.66%+1.69%+174.26
IPATH DJ AIG NATURAL GAS TR SUB- (GAZ)-43.91%-4.38%-451.74
IPATH DJ AIG ENERGY TR SUB-IDX E (JJE)+6.55%+1.33%+137.36
MV AGRIBUSINESS ETF (MOO)+65.35%+0.59%+60.56
PS GLOBAL AGRICULTURE (PAGG)+69.44%+0.73%+75.08
PS DB AGRICULTURE (DBA)+6.34%+0.42%+42.99
IPATH DJ AIG AGRICULTURE TR SUB- (JJA)+13.70%+2.60%+267.61
ELEMENTS ROGERS INTL COMMODITY A (RJA)+10.77%+1.39%+143.38
IPATH DJ AIG COFFEE TR SUB-IDX E (JO)+11.77%+2.71%+279.49
IPATH DJ AIG COCOA TR SUB-IDX ET (NIB)+25.36%-0.61%-63.33
IPATH DJ AIG COTTON TR SUB-IDX E (BAL)+31.39%+0.72%+73.89
IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG)+48.88%-0.61%-62.72
IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU)+36.53%+1.43%+147.08
IPATH DJ AIG GRAINS TR SUB-IDX E (JJG)+5.09%+1.23%+126.49
IPATH DJ AIG COPPER TR SUB-IDX E (JJC)+109.14%+1.57%+161.36
IPATH DJ AIG LEAD TR SUB-IDX ETN (LD)+97.12%+0.62%+64.04
IPATH DJ AIG NICKEL TR SUB-IDX E (JJN)+45.44%+0.29%+29.64
IPATH DJ AIG TIN TR SUB-IDX ETN (JJT)+44.21%+0.28%+29.13
ULTRASHORT EURO PROSHARES (EUO)-30.47%-0.82%-84.21
ULTRASHORT YEN PROSHARES (YCS)-11.79%-0.80%-82.35
PS DB US DOLLAR INDEX BULLISH (UUP)-15.15%-0.40%-41.68
PS DB US DOLLAR INDEX BEARISH (UDN)+15.61%+0.32%+32.48
MACROSHS HOUSING DWN (DMM)·-1.00%-102.98
Classic ETFs
BIOTECH HOLDRS (BBH)-42.05%-0.39%-40.11
ISHARES NASDAQ BIOTECHNOLOGY (IBB)+15.33%+0.08%+7.90
ISHARES COHEN & STEERS REALTY MA (ICF)+43.19%+4.35%+448.07
ISHARES DJ US UTILITIES (IDU)+6.10%+0.66%+68.28
ISHARES S&P NORTH AMER NATURAL R (IGE)+47.61%-1.39%-143.48
ISHARES S&P NORTH AMER TECHNOLOG (IGM)+63.67%+0.18%+18.12
ISHARES S&P NORTH AMER TECH-MULT (IGN)+57.96%-0.70%-72.01
ISHARES S&P NORTH AMER TECH-SOFT (IGV)+49.70%-0.32%-32.56
ISHARES S&P NORTH AMER TECH-SEMI (IGW)+63.87%+0.18%+19.06
ISHARES S&P MIDCAP 400 VALUE IND (IJJ)+36.95%+0.47%+48.33
ISHARES S&P MIDCAP 400 GROWTH IN (IJK)+45.70%-0.27%-27.85
ISHARES S&P SMALLCAP 600 INDEX (IJR)+32.99%+0.22%+22.41
ISHARES S&P SMALLCAP 600 VALUE I (IJS)+32.15%+0.57%+59.24
ISHARES S&P SMALLCAP 600 GROWTH (IJT)+33.85%-0.02%-1.96
ISHARES S&P 500 VALUE INDEX (IVE)+35.33%+0.56%+57.33
ISHARES RUSSELL 1000 INDEX (IWB)+37.43%+0.52%+53.36
ISHARES RUSSELL 1000 VALUE INDEX (IWD)+33.40%+0.48%+49.25
ISHARES RUSSELL 1000 GROWTH INDE (IWF)+41.15%+0.08%+8.50
ISHARES RUSSELL 2000 INDEX (IWM)+34.06%+0.89%+91.32
ISHARES RUSSELL 2000 VALUE INDEX (IWN)+29.62%+0.39%+40.06
ISHARES RUSSELL 2000 GROWTH INDE (IWO)+38.21%-0.05%-4.90
ISHARES RUSSELL MIDCAP GROWTH IN (IWP)+47.08%+0.09%+9.64
ISHARES RUSSELL MIDCAP INDEX (IWR)+43.80%+0.59%+60.80
ISHARES RUSSELL MIDCAP VALUE IND (IWS)+40.06%+0.83%+85.21
ISHARES RUSSELL 3000 INDEX (IWV)+37.38%+0.50%+51.91
ISHARES RUSSELL 3000 VALUE INDEX (IWW)+33.13%+0.68%+70.15
ISHARES RUSSELL 3000 GROWTH INDE (IWZ)+40.94%-0.03%-2.62
ISHARES S&P GLOBAL ENERGY (IXC)+35.64%-0.06%-5.72
ISHARES S&P GLOBAL FINANCIALS (IXG)+85.20%+1.70%+175.16
ISHARES S&P GLOBAL HEALTHCARE (IXJ)+20.92%+0.12%+12.07
ISHARES S&P GLOBAL TECHNOLOGY (IXN)+54.80%+0.06%+5.83
ISHARES S&P GLOBAL TELECOMMUNICA (IXP)+24.20%-0.13%-12.97
ISHARES DJ US CONSUMER SERVICES (IYC)+38.20%-0.33%-34.40
ISHARES DJ US ENERGY (IYE)+27.20%-0.03%-3.09
ISHARES DJ US FINANCIAL SERVICES (IYG)+88.50%+2.70%+278.54
ISHARES DJ US HEALTHCARE (IYH)+21.98%-0.27%-28.00
ISHARES DJ US INDUSTRIAL (IYJ)+34.82%+0.12%+11.90
ISHARES DJ US CONSUMER GOODS (IYK)+25.94%-0.38%-39.00
ISHARES DJ US BASIC MATERIALS (IYM)+73.38%+0.31%+31.68
ISHARES DJ US REAL ESTATE (IYR)+45.12%+3.75%+386.78
ISHARES DJ TRANSPORTATION AVERAG (IYT)+33.81%+0.31%+32.15
ISHARES DJ US TECHNOLOGY (IYW)·+0.20%+21.00
ISHARES DJ U.S. INDEX (IYY)+37.59%+0.31%+32.39
ISHARES DJ US TELECOM (IYZ)+21.76%-0.43%-44.20
ISHARES MORNINGSTAR LARGE CORE I (JKD)+32.77%+0.32%+32.65
ISHARES MORNINGSTAR LARGE GROWTH (JKE)+48.55%+0.37%+38.18
ISHARES MORNINGSTAR LARGE VALUE (JKF)+25.87%+0.59%+60.96
ISHARES MORNINGSTAR MID CORE IND (JKG)+42.03%+0.53%+54.54
ISHARES MORNINGSTAR MID GROWTH I (JKH)+43.21%-0.45%-46.37
ISHARES MORNINGSTAR MID VALUE IN (JKI)+43.14%+0.06%+6.65
ISHARES MORNINGSTAR SMALL CORE I (JKJ)+45.69%-1.14%-117.70
ISHARES MORNINGSTAR SMALL VALUE (JKL)+48.83%-0.35%-36.14
MIDCAP SPDRS (MDY)+41.28%+0.28%+29.03
ISHARES NYSE 100 INDEX (NY)+27.75%+0.18%+18.79
ISHARES S&P 100 INDEX (OEF)+34.22%+0.31%+32.23
OIL SERVICES HOLDRS (OIH)+73.45%+0.89%+92.25
FIDELITY NASDAQ COMPOSITE INDEX (ONEQ)+47.99%+0.18%+18.32
RYDEX S&P EQUAL WEIGHT (RSP)+51.88%+0.34%+35.48
SEMICONDUCTOR HOLDRS (SMH)+54.96%+0.24%+24.35
MATERIALS SELECT SECTOR SPDR (XLB)+52.80%+0.46%+47.81
ENERGY SELECT SECTOR SPDR (XLE)+28.96%-0.35%-36.16
FINANCIAL SELECT SECTOR SPDR (XLF)+81.44%+2.66%+274.35
INDUSTRIAL SELECT SECTOR SPDR (XLI)+32.20%+0.33%+33.84
TECHNOLOGY SELECT SECTOR SPDR (XLK)+51.78%+0.18%+19.00
CONSUMER STAPLES SELECT SECTOR S (XLP)+18.08%-0.37%-38.35
UTILITIES SELECT SECTOR SPDR (XLU)+4.79%+0.85%+87.34
HEALTH CARE SELECT SECTOR SPDR (XLV)+20.64%-0.36%-36.83
CONSUMER DISCRET SELECT SECTOR S (XLY)+47.53%0.00%0.00
300% Leverage ETFs
DIREXION DAILY 10-YE (TYD)·+0.45%+45.96
DIREXION 10Y BEAR (TYO)·-0.73%-75.73
DIREXION DAILY 30Y T (TMF)·+1.03%+105.74
DIREXION DAILY 30Y B (TMV)·-0.89%-92.07
DIREXION DAILY LARGE CAP BULL 3X (BGU)+89.63%+0.92%+95.15
DIREXION DAILY LARGE CAP BEAR 3X (BGZ)-76.26%-1.07%-110.33
DIREXION DAILY MID CAP BULL 3X S (MWJ)+94.38%+0.96%+99.45
DIREXION DAILY MID CAP BEAR 3X S (MWN)-63.08%-1.28%-131.60
DIREXION DAILY SMALL CAP BULL 3X (TNA)+53.28%+1.12%+115.23
DIREXION DAILY SMALL CAP BEAR 3X (TZA)-81.08%-0.94%-97.26
DIREXION DAILY ENERGY BULL 3X SH (ERX)+29.29%+0.23%+23.73
DIREXION DAILY ENERGY BEAR 3X SH (ERY)-73.38%-0.68%-70.08
DIREXION DAILY FINANCIAL BULL 3X (FAS)+97.72%+7.60%+783.91
DIREXION DAILY FINANCIAL BEAR 3X (FAZ)-97.78%-7.77%-800.91
DIREXION DAILY TECHNOLOGY BULL 3 (TYH)+205.49%+0.07%+7.04
DIREXION DAILY TECHNOLOGY BEAR 3 (TYP)-85.89%-0.37%-38.58
DIREXION DAILY DEVLPD MRKTS BULL (DZK)+113.50%+0.24%+24.63
DIREXION DAILY DEVLPD MRKTS BEAR (DPK)-83.29%-1.00%-102.84
DIREXION DAILY EMRG MRKTS BULL 3 (EDC)+271.95%+2.69%+277.15
DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ)-94.05%-3.63%-374.58
PROSHARES (UPRO)·+1.09%+112.72
PROSHARES (SPXU)·-1.07%-110.63




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