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Decay in leverage (on a share by share basis) is severe in these instruments for sure if you are on the wrong side of them but the original post was asking about time decay to which there is none for the leveraged ETFs themselves.

There is no time decay unless you purchase options on the ETFs. The reason the moves don't square is because of volatilty - the leveraged ETFs are designed to mimick daily % swings in their underlyings and that is all. They "square up" internally at the end of the day. There is no inherent...

Very light volume cash market sell off - however breadth is very negative at about 7 to 1 with dvol to uvol about 17 to 1. But index put call ratio running higher though not as high as equity put call ratio - suggesting that perhaps bigger players aren't ready to throw in the towael and are...

Piggie2k on ignore - suggest the rest do that same Nice weekend everyone

So far you're money on that dip! nice timing

Market just NOT being allowed to budge....

you're assuming there's going to be a dip?... :eek:

Rueters saying Ahmedinejad lost election....

Very true but that is the way he trades - and his record is pretty good so you still have to give him props! Even if the risk for most is too much...

Anyone remember the fun day the NYSE had a computer 'glitch' back in February 2007?.....

There's a vote of confidence I was looking for! Big tech momos getting hit worse than indicides today - MSH index confirming. Just need a dollar bid into the close.

I think it needed a little bounce on 30 and 60 min timeframes to work off some oversold condition. Failure to bounce much should worry more dip buyers if they don't get the full team on board. Interesting that bond yields are heading south but oil and the dollar haven't reaction much in past...

Sold out June 950 puts - still holding others down the line. Transports weaker along with energy and tech - damn financials not cooperating.

Eur/usd looks like right on the TL and with oil hitting some resistance that should affect oil more if it drops below - also hitting the oil sector which has been on fire. index put call ratio <1 and overall put call very low - everyone buying and getting bully another good sign SMH weak...

Well Sal - we are getting the gap down but so far I'm not that impressed - would have thought it would be more... However the dollar strength and oil weakness may bode well...

Last hour rescue failed - important imo. I'll take your gap down saliva - looks like a decent bet to me...

Let me see the close and maybe I'll go along with that myself...

Right but to me they are already trying - problem is they started at 930 EST this morning and never quit so the failure can still happen imo.

Yes but only after the try to bounce it and fail - the end of day bounce has to get murdered...

Cmon bears - close the deal....