Wow, I feel like I'm losing it. What is the meaning of that ? Anybody know ? Nat gas gapped up about a week ago. So how does a -3X nat gas ETN increase so much in value. And what's the result for the Credit Suisse fund and the investors in that item. Does it have something to do with redemptions that Credit Suisse will suffer in that fund and wouldn't the investors make out like bandits on redemptions ? What am I missing here ? And what's this acceleration stuff they're talking about ? Speeding up the maturity of the note ? I obviously am not sure what an ETN is. Can anybody give me a clear explanation in a hundred words or less ? :-)
.....bud