SOME PERSPECTIVE AS TO THE SCOPE OF THIS MOVE DOWN

Posted By admin on Aug 2, 2011 | 0 comments

Nothing will sum it up how widespread the damage has been like an illustration via charts. The following is a long list of a wide range of leveraged ETFs covering everything from Treasury Bonds to Europe.

What should be paid attention to in the following charts is the power and conviction with which this move down is occurring. Notice the volume on each ETF.

Bottomline is that what we are experiencing now is quite different than the corrections of the past couple of years. The downside remains substantial and the prospect of volatility high. A buying opportunity will come. Not in August, however.

click chart to enlarge