ETF Industry: Take Note and Two Aspirin

If you are in the ETF Industry, you have to click this link to CNBC, read the article and watch the video (go to the 4 minute mark after the advertisement).

Clearly there is a need for more clarity on the mechanics of ETFs as apparently “no one understands how ETFs work” and pretty much “everybody believes ETFs are for day traders not for long term investors.”

Just watch the video, read the article and then take two aspirin.