Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.
TBT Is Going, Going, Gone, but My TLT Short Is Not
Originally published March 31 at 10:22 a.m. ESTI am now out of my ProShares UltraShort Lehman 20+ Year Treasury Bond ETF ( TBT) "trade of the week" for a profit. (Remember, leveraged ETFs are short-term rentals and not long-term leases as they experience decay and may track poorly to underlying.)
TLT is now trading at $120.40.
A Blurry View
Originally published March 29 at 4:28 p.m. ESTI am not going to publish "Takeaways" today as I still cant see clearly from my afternoon eye exam.
Bonds reversed yesterday's weakness and closed at day's highs.