"A lesson in behavioral finance"
October 12, 2011 at 10:06 AM EDT
Pollution persists.� From one day to the next we continue to see similar stories in the news, yet hope for a different outcome.� The reality of the financial condition faced by Europe (and to a far lesser degree the U.S.) is similar to that of environmental pollution, which is to say that anything short of a permanent and complete solution does not restore confidence.� Clearly, this is evidenced by the amount of volatility seen in the markets since the beginning of the CNBC Million Dollar Portfolio Challenge, with the well-timed use of levered ETFs being an effective way of capitalizing upon such movement.