April 18, 2009

What Deleveraging?

The financial world is supposedly engaged in a massive deleveraging campaign. Right? 
Then why is it that every week it seems new ultra-leveraged financial products are being spawned? Latest and most prominent lately are the new Direxion Triple Bull and Bear Treasury ETFs:

TYD:   10-Year Treasury Bull 3x Shares
TMF:  30-Year Treasury Bull 3x Shares

TYO:  10-Year Treasury Bear 3x Shares

TMV: 30-Year Treasury Bear 3x Shares 

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