Here is a real world example of good money going after bad. The United States Oil Fund LP (ETF) (NYSE: USO), which tracks front month West Texas Intermediate futures, plunged 46 percent last year, but that did not stop traders and investors from pouring nearly $3.1 billion into the exchange traded fund.
With bullish forecasts for oil prices in 2016 hard to come by and the fact that the S&P GSCI Crude Oil Total Return Index, which is tracked by the iPath S&P GSCI Crude Oil ETN (NYSE: OIL) losing nearly 11 percent in the first five trading days of 2016, one would think those factors would be enough to prevent market participants from continuing to catch the falling knives known as oil ETFs.
"After a 2-day loss of 8.2% in the S&P GSCI Excess Return index, that Feb 1999 bottom is ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6137868/good-money-keeps-following-bad-with-oil-etfs alt=Good Money Keeps Following Bad With Oil ETFs>Full story available on Benzinga.com
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