They didn't do any good in 2008/9 and likely won't be much use now either.
You could have made over 40% in a day had you speculated on the VIX on Feb. 27! Then you could have bought a lot more ammo... if that's your thing.
This isn't over.
Definitely for later reading when I am more awake.
For those who don’t like a lot of risk, you don’t have to pick the bottom to buy stocks at a good price. If a good stock loses 40% of its value it may be worth buying even if it loses another 10% after that.
You could have made over 40% in a day had you speculated on the VIX on Feb. 27!
1) Hindsight is better than fore site by a damn site.
2) Thank you for correctly using the word speculate.
3) When I used to ask farmers what their average yield was, they would always tell me the best year. So what is the average return on this speculation?
I have done it and the average was not good............