Why This Whole Game Is Ridiculous
Tuesday, July 21st, 2009Two tickers sum it up, DMM and UMM. These wonderful new funds from Macroshares allow you to bet on the direction of the housing market. I honestly have no idea how these even work but just the idea of betting on the housing market as if you were at a casino seems ridiculous to me. I suppose the pundits will say that it allows you to protect yourself from a housing decline by hedging your house. Maybe you can buy options on these bad boys and lever up. Yeah, there we go, that’s a good idea.
