Well, I jumped the gun and shorted too early....but..with this, you don't have to worry too much. Over time, it only goes down. You have decay & contango, which is decay of the front month futures. Now since we have this debt "crisis" thing looming, it might be a little diceier than usual, but in the long run,basically, you can't lose shorting them if you just hang on. Also, it rebalances after hours, so you might see it change @ 4:15. I see it went up, but is now curving down a bit. If market rallys tomorrow, it will drop like a rock. We'll have to see what happens. And all this was a result of just a few sentences in the January Fed minutes about the POSSIBILITY of easing. Imagine what's going to happen when they actually stop pumping money every month. Then you are looking at a real crash, but that's at least six to 8 months in the future. When interest rates start to go up, this market will tank hard. The easy money has been made. Going to be more difficult from now on.