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.
Wednesday, November 18, 2009
Leveraged ETFs: FAS and FAZ Have Now Lost $3.146B
Speaking of leveraged ETFs, the dreadful 3X ETFs FAS and FAZ have now lost a combined $3.146B from mom & pop investors:
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