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ETF Investors Have Spent $24 Billion Trying to Call a Bottom in Oil
In all these cases, we witnessed a rare phenomenon that exists in only the most extreme bottom-calling scenarios. It is when the price of the E T F hits an all-time low while the shares outstanding hit an all time high. That is exactly what is happening right now with USO as shown in the chart below. That is a wide, scary mouth, and it is gobbling up investor cash. Better Link to AndyJ posting http://www.bloomberg.com/news/articles/2015-12-21/etf-investors-have-spent-24-billion-trying-to-call-bottom-in-oil
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Better Link to AndyJ posting
http://www.bloomberg.com/news/articles/2015-12-21/etf-investors-have-spent-24-billion-trying-to-call-bottom-in-oil