Q: Following up on Chucks question about the leveraged etf's. Given their structure and the decay that comes out of it, can't a prudent investor short both the hbd and hbu and come out ahead over time? For example, the hbd is off 25% in the past two years while the hbu is flat. I must be missing something or else someone else would have already thought of this.
Thanks,
Bill
Thanks,
Bill