Market Summary

My thoughts and prayers go to the people of Japan. After an earthquake and tsunami of epic proportions laid waste to cities along Japan's northeast coast the effects on the economy of Japan will no doubt play out for a long time to come. While the recovery will take time how the market reacts to this disaster will be followed closely. The chart below is of the ProShares UltraShort MSCI Japan and as can be seen this ETF, which goes up 200% the inverse(opposite) of the daily performance of the MSCI Japan Index, had been falling for many months until just a few days before the earthquake hit. It will be interesting to watch how high this goes. Click on chart to enlarge.

The table below shows the performance of a select list of ETFs sorted by performance on a Year-To-Date basis. While the table lists UCO, the Ultra Oil ETF, as up 315% I believe that is due to a split in the price and not a true reflection of its performance. Still oil is up significantly. The second listed ETF AGQ is the Ultra Silver ETF up 50% YTD. For the week UBT, the ProShares Ultra 20+ year Treasury bond ETF, was up the most followed by AGQ. Click on table to enlarge.