You Ask, Oberg Answers

On Stockpickr Answers today, Eric Oberg responded to questions and comments posed members of the Stockpickr community.

Anybody can ask, respond or comment on Stockpickr Answers; the top responders get ranked in our "Top Analysts" section. Here are the questions and comments to which Oberg responded.

Oberg is back to bust the myth of short ETFs with "The Perils of the ProShares Ultra Shorts"...

"I believe the purveyors of these products were careless, reckless and perhaps even grossly negligent in disclosing the risks. Either they were a) completely clueless as to how dramatically these could underperform due to volatility... or b) they knew that performance looked horrendous at high volatilities but chose not to disclose... To be fair, I have no idea which is the case, but this raises my eyebrows a bit." ...