We thought US Gov finally did something forcing delist of UWTI/DWTI, but then 3 new pairs come out!?

G

GloriaBrown

So there are 3 new pairs of 3X oil ETF right after the delist of UWTI/DWTI. All are basically the same or very similar as UWTI/DWTI, so US Gov just doesn't care at all!? The delist was actually purely just becuase credit suisse didn't want to play anymore!?
 
That is clearly in the prospectus if you read it and understand the instrument... The government shouldn't be keeping people from themselves.
 
GloriaBrown said:
Even a table corner can kill someone just like baseball, but what is the chance? Very small. How about a gun? Super big. Knife is much safer since someone has to be so closed to you to do something. Gun is the most easily wrongly used weapon, of course you can argue how about rocket or nuclear bomb LOL. This is like talking about 3X etf, people suppose to know the risk but how many people invest really read everything inside out and do his own research. That's why almost all governments except USA doesn't allow spam of 3X etf in their stock exchange, just like how they protect their citizens by not allowing having guns at all.
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You started this thread to opine that simply having a 3X instrument around was bad, dangerous, and a hazard to public health. What you are not understanding is that whether *you* wish to engage in some specific act or not..... IS YOUR CHOICE.

De gustibus non est disputandem: tastes are not to be argued. That's one of the principle precepts of a *free* market. Consumer Sovereignty: them as gets the bucks, survives -- them as don't, don't. If a 3X fund is what you want, then perhaps someone (and maybe *you*) will provide it. And if it can't hold muster with the other offerings in a free market?? It will perish. That's the name of the game.
 
tommcginnis said:
You started this thread to opine that simply having a 3X instrument around was bad, dangerous, and a hazard to public health. What you are not understanding is that whether *you* wish to engage in some specific act or not..... IS YOUR CHOICE.

De gustibus non est disputandem: tastes are not to be argued. That's one of the principle precepts of a *free* market. Consumer Sovereignty: them as gets the bucks, survives -- them as don't, don't. If a 3X fund is what you want, then perhaps someone (and maybe *you*) will provide it. And if it can't hold muster with the other offerings in a free market?? It will perish. That's the name of the game.
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So you also think people should not get any money back from Lehman Brothers bankrupt because they suppose to know the potential risk? LOL
 
GloriaBrown said:
So you also think people should not get any money back from Lehman Brothers bankrupt because they suppose to know the potential risk? LOL
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Since this is not related to your original post, it appears as a non-sequitor. If you wish to bring up Lehman's ills and last gasp:
"On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its stock, and devaluation of assets by credit rating agencies, largely sparked by Lehman's involvement in the subprime mortgage crisis, excessive risk taking and subsequent allegations of negligence and malfeasance."[3][4][5]
I am sure we can agree that they screwed up, and that they failed.
Beyond that, do you have a point?
Or do you just want a riskless world, where all knives are dulled, all bullets are slow, and no businesses fail.

Mommy, it ain't gonna happen.
Hitch up your Big Girl Panties and get on with living.
https://en.wikipedia.org/wiki/Lehman_Brothers#cite_note-5
 
tommcginnis said:
Since this is not related to your original post, it appears as a non-sequitor. If you wish to bring up Lehman's ills and last gasp:
"On September 15, 2008, the firm filed for Chapter 11 bankruptcy protection following the massive exodus of most of its clients, drastic losses in its stock, and devaluation of assets by credit rating agencies, largely sparked by Lehman's involvement in the subprime mortgage crisis, excessive risk taking and subsequent allegations of negligence and malfeasance."[3][4][5]
I am sure we can agree that they screwed up, and that they failed.
Beyond that, do you have a point?
Or do you just want a riskless world, where all knives are dulled, all bullets are slow, and no businesses fail.

Mommy, it ain't gonna happen.
Hitch up your Big Girl Panties and get on with living.
More...

A lot of people get big % of money return with cases related to Lehman Brothers, so you think they don't deserve it? LOL. Just like you think people got killed by guns in USA with normal people being the shooter is....they don't real the manual? Just like they don't do a full online research before buying 3X etf?
 
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