Jim Cramer has been consistently saying that “SKF” is the reason for the run on the banks. These short ETF’s have been very popular during the bear market raids! Could these short ETF’s including the 3X short “FAZ” be the reason for the run on the banks? -Administrator Friday, 6 Mar 2009 www.cnbc.com Cramer’s Outrage: […]
There’s more where that came from. That’s what some market watchers are saying about Monday’s sharp selloff, following a stunning-yet, some say, suspect-run-up of well over 20 percent from the standing bear market low of March 9. “Whenever you get that kind of move in that short a period when news is still mixed, you’re […]