This ETF's top 10 holdings compose some of the riskiest stocks on the street. You know one or more of these companies will close its doors by the end of the year. I suspect there will be at least 20-30% more downside for this etf. Im going to be a buyer in about 6-12 months when this ETF will have pumped most of its value into the youtube. TOP 10 HOLDINGS ( 31.66% OF TOTAL ASSETS) Company Symbol % Assets AMER CAP STRATEGIE ACAS 3.91 CITIGROUP INC C 2.32 CORUS BKSHS INC CORS 3.36 FIFTH THIRD BNCP FITB 2.23 INDEP BK CP MI IBCP 2.65 IRWIN FINANCIAL CORP IFC 2.46 M B I A INC MBI 2.22 NATL CITY CP NCC 3.19 ROYAL BSCHS OF PA RBPAA 3.63 WASHINGTON MUTUAL WM 5.69
Its still not too late Robie boy. A downtrending instrument tends to stay downtrending. Im serious, I think this will probably be sub-10 in no time and probably be eventually cut in half as some of its components go out of business.