Here we go again. [[FXP]] is officially being deballed this morning, thanks to the heavens bestowing great equity surges in [[LFC]] and [[CHL]], amongst other Chinese related names. This is truly a hex on “The Fly,” as he meanders around—shifting from one land mine to the next.
Sure, [[ABK]] and [[MBI]] are done, but who really cares? The mortgage insurers are old hat. Ag plays are retracing, particularly [[MOS]], [[POT]] and [[MON]], but I’m sure it is a temporary phenomenon.
In short, I have no choice, but to swallow my courage pills and buy more (slowly) of that God forsaken double inverse ETF from hades.
It is now near its 52 week low.
In other news, all airlines are going to be bankrupted in 2008.
More good reasons to buy stocks.
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