For all of his knowledge of exchange-traded products, Hougan still can’t get it right.

It is almost farcical to me, Matt, that, for all of your knowledge of the ETP industry, you still can’t get your terminology right.  And the net result is that, while you portray yourself as being part of the solution for the problems in the industry, you are actually part of the problem.

Nothing you talked about in your blog is an “ETF”.  Nothing.  Leveraged products, futures-based products, USL, USO, all the Direxion and ProShares and some of the Rydex products, and even the iPath products…none of them are really “funds” and certainly not one of them would I classify as an ETF.  These are all, to me, as I’ve repeatedly said in public and in my blog, exchange-traded products or notes or perhaps even structured products. And it’s high time we stopped calling them ETFs.

Because, as I

For all of his knowledge of exchange-traded products, Hougan still can’t get it right.

It is almost farcical to me, Matt, that for all of your knowledge of the ETP industry, you still can’t get your terminology right. And the net result is that, while you portray yourself as being part of the solution for the problems in the industry, you are actually part of the problem.

Nothing you talked about in your blog is an “ETF.” Nothing. Leveraged products, futures-based products, USL, USO, all the Direxion and ProShares and some of the Rydex products, and even the iPath products … none of them are really “funds” and certainly not one of them would I classify as an ETF. These are all, to me, as I’ve repeatedly said in public and in my blog, exchange-traded products or notes or perhaps even structured products. And it’s high time we

There’s a bright light at the end of the tunnel— finally. Most of the really well respected, long term investors are advising their audiences to hang in there, to stop the panic selling, and to look for the great companies that have withstood the economic downturns of the past.

Buffet, Bogle, Gross, Schwab, and company offer sound advice— don’t run and hide, it’s time to hit the Wall Street Mall and go shopping! They’ve seen the indicators; they’ve been there before. So have many of you. Clearly, it’s time for action.

With IGV stock prices down 50% or more, and income securities as low or lower, Chuck Jaffe points out in MarketWatch that the case for loading up on managed Closed End Funds (CEFs) is a strong one. The great companies are in garage sale mode, and managed CEFs are selling at …