SKF wags the dog?

[seanm123]

No wonder Krammer has been raging against SKF.

http://www.minyanville.com/articles/index/a/21260

[c1ue]

Cramer is a talking monkey.

As for SKF - don't forget there is its counterpart UYG.

SKF traded 40M shares on 2/20, but UYG traded 215M shares on the same day.

Of course SKF is priced a bit richer...

But the underlying BKX itself also trades heavily.

For example today:

volumes:
SKF: 29.7M
UYG: 193.9M
BKX: 298.6M
JPM: 135.8M

dollar volumes (day volume times close price):
SKF: $4.8B
UYG: $470M
BKX: $7.5B
JPM: $2.95B

Blaming SKF itself makes for nice conspiracy talk, but as someone who is very active with both SKF and UYG (and watches BKX as a measuring stick) - I have seen relatively very little wonky behavior.

In other words - SKF, UYG, and BKX have shown very consistent relative behavior over the past 18 months that I've watched them.

In contrast, SRS/IYR/URE show completely inconsistent behavior even taking into account the distribution SRS had late last year.