Forget leveraged EFSF, trade the leveraged DAX instead

Markets are again trading in a totally crazy fashion. From the huge sell off we saw a couple of days ago, to extreme squeezes to the upside, all orchestrated by Greek news. With the DAX first falling some 6.5% and then making it all back on news regarding referendums, in a matter of days, there sure must be somebody tempted to catch those moves. Wonder how many months of extra respiration Greece would obtain by a truly leveraged bet “timing” those news? Well, desperate people do desperate things.