It was a wild day in the markets. I consumed way too much coffee.
I still say that what goes up, on irrational exuberance, must come down. I’ve gone into SQQQ in expectation of that fall.
It’s amazing. Two years ago, SQQQ was around 50.00. This afternoon it’s at 11.00. I think that is a good buying opportunity.
“It’s amazing. Two years ago, SQQQ was around 50.00. This afternoon it’s at 11.00. I think that is a good buying opportunity.”
We are still in a bull market.
“I’ve gone into SQQQ in expectation of that fall.”
SQQQ is not suitable for LT holdings. It is managed to inverse the SQQQ on a daily basis. Not in the long term.
You lose 1% as soon as you buy. When stocks are shorted one has to pay interest and the dividends for the shorted stock. SQQQ can go down even if their stocks go down.
Their is also a SQQQ options market.