Important Reads – Jan 13, 2010
Great post regarding the time decay nature of leveraged ETFs, specifically TBT. With Treasuries becoming more and more in the news, many people are considering such an instrument. Read this before trading this and other leveraged ETFs (Zero Hedge).
Real unemployment rate is at 17.3% (Yahoo!)
President Obama to request $708 billion for wars in 2010 (My Way News)
Good article on investing in “too big to fail” sectors (ERE)
As the news comes in regarding the devastating earthquake in Haiti, I’m saddened by the loss of life. The images from the devastation are truly frightening. Visit Drudge Report for the latest headlines regarding the event. This event serves as a reminder to me regarding disaster preparation. How long would you last in the event of severe disruption? Food, power, water, protection? Food for thought. Pray for those in Haiti.