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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Bullboard Posts
Post by JoeBloon Oct 31, 2011 12:04am
490 Views
Post# 19194380

It will be interesting...

It will be interesting...to see how trading goes on Monday.  The Japanese just printed a ton of Yen out of thin air, and used the money to buy US dollars on the foreign exchange markets.  The reason for this was to devalue the Yen, while also tightening the supply of dollars on the markets, hence raising their value.  The net number of US dollars in the world remains the same, but the number of Yen in the world just increased.  As a result, the US dollar was forced up in value relative to other currencies, and gold is down.  Now just how ridiculous is that??  You add more fiat currency to the market and gold falls in value??  And because gold is down, SBB is now at risk of a small sell-off on Monday.  Like I said before, you can't make this stuff up... 
Bullboard Posts