From a Blog of Ralph Vince:

"Dow Jones Indexes owns the rights to make indexes based on a specific path through Leverage Space (one that seeks to compress the time required to recoup a drawdown), and they will be doing that and offering ETFs on it, and indexes to institutions based on it in the coming months."

What does this mean?

To my way of thinking, "the market" is scared shoeless, due to its fairly recent meltdown, and is looking for a fast way to recover from its losses. While Ralph's mathematics is impeccable, and his concepts amazing, my guess is that in the wrong hands, "the market", it will be misused and corrupted and is likely to precipitate an even larger debacle.

That's just how I see it.

If you haven't already, immediately get a copy and read "The Big Short: Inside the Doomsday Machine" by Michael Lewis.

Opinions are my own.

Sunny Harris