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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Yesterday we predicted that the ent FAS-FAZ "eclipse" would occur at $8.36. This occurred today right on cue between 8.36 and 8.37 around 12:56PM. It was then followed by several others: $8.36 (1:31PM), $8.35 (2:02PM), $8.33 (2:36PM), and finally $8.31 (3:56PM). This appears to show an intra-day erosion as well.
Data provided by Google. Please click to enlarge.
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