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Trend: PowerShares DB Crude Oil Dble Short ETN (DTO) led the one week performance (+9%, +22% for 4 weeks, n/a for 13 weeks). iShares Dow Jones US Home Construction (ITB) and PowerShares DB Gold Double Short ETN (DZZ) were the second and third best performers, respectively. The 20 ETFs with the best 1 week performance through 9/12/2008 tracked by Morningstar are highlighted below. Source: MSN Money Exchange Traded Funds (ETFs) Performance Tracker Name Ticker Category Holdings Morningstar Last Price* 1-Wk 4-Wks 13-Wks YTD 52-Wks 3-Yrs 5-Yrs PowerShares DB Crude Oil Dble Short ETN DTO Specialty - Natural Resources $41.37 8.95...

Trend: Energy prices are playing a significant role in the turmoil in the financial markets. Gail the Actuary at The Oil Drum describes how energy markets affect financial markets. Excerpts below. Link: The Oil Drum | The Connection Between Financial Markets and Energy - Open Thread. (1) Some of the organizations with problems were no doubt speculating in oil futures. Once the prices started to drop, the balance sheets of the organizations were affected, and they suddenly needed more capital. (2) As the companies who speculated in the oil market (all of them, not just the particular ones having problems...