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ProShares UltraShort MSCI Emerging Mkts Message Board

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  • gonja619 gonja619 Nov 25, 2008 5:13 PM Flag

    Prediction for EEV anyone interested....

    oil dropped 6% today which I think is the reason EEV stayed positive today even when the market kept bouncing up and down

    so if oil makes new lows at the same time the market readjusted to the mid 7000's i think eev could hit mid-high 150s again

    i dont see a lot of downside in eev right now, i would say the short tearm low is 75

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    • yeah there was a lot of typos in that one sorry im distracted @ work

    • drop in oil is not so much unwinding of trades by institutions/hedge funds, but more a proxy for global economic weakness. And why would CSCO close for 5 days if they had a full book of orders? I bet come Monday the news from retailers will be just another reason to get in your bunker and keep your head down. stay short the credit squeeze is just the headline, no one can tell the public about credit default swaps because joe six-pack graduated high school w/o taking an algebra class.

 
EEV
19.20-0.33(-1.69%)Apr 17 4:00 PMEDT

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