Bank stocks getting hammered but FAZ slowly moving. and at 3Xs what the deal??
its not the $ figure. it is percentage!and yes FAZ should be up equally in percentage to FAS, but it is being manipulated.
Its all about percentage. The percentage is the same in losing $2 off $12.50 and gaining .60 on $4.50. The percent is around 14 to 15%. FAZ will be lower until they get back to the same dollar amount.
the percentages are not the same either
these are not strictly computer programs that rebalance on the fly...there are humans involved trying to make money on the arb. so it's never going to be perfect.
agree...FAZ should be alot more....what's goin on?