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has anyone seen the move Robert Shiller's housing ETF's are making?

Started by bart22
about 17 years ago
Posts: 75
Member since: Dec 2008
Discussion about
symbol UMM is the bulling etf while DMM is the bearish one. the UMM is up 75% since bottoming a few weeks ago. they seem to be very thinly traded. yet, market participants are clearly betting in favor of the bulls
Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

yes, UMM is up 75%, putting it right where it was in June.

Remember how this works... going from horribly awful perception to just awful perception would represent an increase.

And we don't even have an increase...

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Response by bart22
about 17 years ago
Posts: 75
Member since: Dec 2008

the UMM is actually up 10% since inception, all time highs

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

Are you a broker or something? You seem to have vested interest in this.

"all time highs"

You're talking about something a month old. Why on earth would you use language like that unless you're trying to spin it.

"is actually up 10% since inception"

interesting, because you only admitted that after I pointed out that "have you seen the move" and "up 75%" didn't tell the whole story.

And when you actually look at the chart, its a little wacky to pretend the 10% is meaningful.
http://finance.yahoo.com/q/bc?s=UMM&t=3m&l=on&z=l&q=l&c=

Why weren't you straight up to begin with? What's your angle here?

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