Comments on Fund My Mutual Fund: Bookkeeping: Closing DB Agriculture Double Long (D...

Sia, I posted the wrong symbol. It's actually DAG...

2008-09-14T17:39:00.000-04:00

Sia, I posted the wrong symbol. It's actually DAG.

DAG is 2x DBA

I do not think it is 'double' long, DB stands for ...

2008-09-12T19:47:00.000-04:00

I do not think it is 'double' long, DB stands for Deutsche Bank. From Yahoo, "The investment seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture Excess Return. The index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities – corn, wheat, soy beans and sugar. The index is intended to reflect the performance of the agricultural sector. The fund is nondiversified."

Market,I agree. If you were one of those funds ma...

2008-09-12T13:04:00.000-04:00

Market,

I agree. If you were one of those funds making a bet with Freddie or Fannie you have just had your ass handed to you and probably need to raise some funds. The best way to do that would be to sell some of your winners.

i dont think its so much that it was all "one big ...

2008-09-12T12:57:00.000-04:00

i dont think its so much that it was all "one big trade", but more-so that a lot of the funds (in particular the macro guys) just had those positions as their top holdings. and, when times get tough, you have to sell your winners to finance your losers.