Rochester, NY 8/22/2009 12:32:20 AM
UltraShort Oil & Gas ProShares DUG, UltraShort Oil & Gas ProShares Reported Leveraged ETF Controversies
UltraShort Oil & Gas ProShares DUG
According to the Wall Street Journal, Massachusetts is currently ground zero for the leveraged ETF controversy. The issue was first ignited by the St. Louis, Mo.-based financial firm Edward Jones, and the wildfire has spread to a number of other firms across the country, some of which are located in the Bay State. Massachusetts' government has also tried to shed some light on these risky instruments.
Another firm based in Massachusetts, LPL Investment Holdings, has prohibited the sale of leveraged ETFs that seek more than two times the long and short performance of their index. Massachusetts-based Fidelity Investments is the most recent firm to question the suitability of leveraged funds as long-term investments.
About Stock Einstein
StockEinstein uses proprietary technologies coupled with years of experience to uncover stocks we feel have the greatest potential for breakout performance. We utilize not only software, but time tested criteria to uncover these potential winners. When these benchmarks are reached or exceeded, our subscribers are immediately notified.
This service is free and available only to subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.
