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EWZ is like a 3x dow ETF
- Thread starter stock_trad3r
- Start date
time 2 buy
when the dow crosses 14000 again in a month or so this will be at 70
when the dow crosses 14000 again in a month or so this will be at 70
Alright let's get something straight. The EWZ trades over 13 million shares daily. Please tell me you don't think you're "hype" posts on here will have the effect of getting people to buy the EWZ and push it higher. This isn't a bulletin board stock nor is this a yahoo message board. Please stop the madness...anyone with a market data system can see that the market is rallying today, it's not just EWZ. You might be long and are making money, great....but please labor under the delusion that by hyping your "picks" you will push the prices up further. This market is many worlds bigger than you.
Quote from pdwst33:
Alright let's get something straight. The EWZ trades over 13 million shares daily. Please tell me you don't think you're "hype" posts on here will have the effect of getting people to buy the EWZ and push it higher. This isn't a bulletin board stock nor is this a yahoo message board. Please stop the madness...anyone with a market data system can see that the market is rallying today, it's not just EWZ. You might be long and are making money, great....but please labor under the delusion that by hyping your "picks" you will push the prices up further. This market is many worlds bigger than you.
Obviously I am aware that my posts can't move EWZ higher. Also an ETF can't be pumped like a stock because it doesn't use the traditional system of pricing as the case with a normal stock.
Quote from S2007S:
Do you even know what EWZ is....
You make no sense, EWZ doesnt have a single thing to do with the DOW.
"If the dow goes up 1% EWZ wil go up 3% but if THE DOW goes down 1% it will only do down 2% "
Honestly what the HELL are you talkin about??????
Dont post nonsense like this if you havent a clue what an ETF is.....
EWZ has some correlation to the Dow, just like every other emerging market fund.
Wow it is up a whopping 3% today
when ewz rebounds it rebounds huge
I would estimate EWZ is a 4x upside on the dow and 2x downside
What this means is if the dow gos up .7% EWZ will rally 2.8% and if the down goes down .7% EWZ will fall 1.4%
$70 will be hit easily in a few months
Pfffft
when ewz rebounds it rebounds huge
I would estimate EWZ is a 4x upside on the dow and 2x downside
What this means is if the dow gos up .7% EWZ will rally 2.8% and if the down goes down .7% EWZ will fall 1.4%
$70 will be hit easily in a few months
Pfffft
Quote from stock_trad3r:
All of the global markets track each other.
When the dow surges, ewz surges because MSCI Brazilian Market Index is also going up
When the dow fell 3% intraday a few thursdays ago so did EWZ and MSCI Brazilian Market Index but to a greater degree.
Could it be more obvious?
you're right on.
correlation between world markets is close to 100%, which a direct result of liberalization of capital flows, on the fly electronic transactions and economic globalization.
most international indexes move in tandem with the us while most of the discrepancies, after factoring the ETF beta, are attributed to currencies moves. since the USD is in a pronounced decline against its peers and etf's are traded in USD, these ETF's represent a long bet on those equities/countries and at the same time a short bet on the USD.