the ultrashort financial pro shares are skf.t's in so much damage that bank stocks and cost taxpayers billions of dollars back in the heat of the crisis. i've been advocating that the s.e.c. that doesn't understand how these work should ban these etfs, because they simply don't do what most people believe they do. they have to rebalance every day, they only work for day traders. what do we need that for? give day traders triple the power to knock the stock down? if you hold them for a longer period than that, your performance is different from what the retail investor expects. let's take the skf, which is supposed to let you short the banks with double the firepower. do you know that you lost money if you held on for all of 2008? even though we know the bank stocks got crushed you lost money because of daily rebalancing that causes volatility. these things didn't work for you. these leveraged etfs is a terrible way to hedge, because the long-term performance has more to do with volatility and nothing to do with the underlying in

let's take the skf which is supposed to let you short the banks with double the fire power.o you know you actually lost money if you held on for all of 2008 even though we know the bank stocks got crushed? you lost money. all because of the daily rebalancing that causes volatility to massively eat into your returns. these things didn't work for you. that means the leverage etfs are a terrible way to hedge because their long-term performance has more to do with volatility. i have railed and railed and railed about why these products have to be banned. as they are incredibly harmful to ordinary investors who don't understand the real way that leverage etfs work but so far the regulars have done nothing meaningful. but then today, today i noticed that one excellent, conservative brokerage house, edward jones and company, has done what i regard as being the unthinkable. the unimaginable. it took a stand to protect you, to protect its clients. can you believe that? by deeming these etfs not suitable for their own clients. and they decided to no longer sell the darned things. that