This presumes that the markets don’t rebound, the managers of
these funds cashed out at the dead bottom, or portions of both.
I doubt the losses will be as bad as they are saying.
One more attempt to milk a cow that’s already given five
gallons today.
The market made back over 2,500 in a blink.
A lot of the loss is panic selling.
I bought TQQQs the other day and I DO NOT recommend them as the move at the 3x the rate of the nasdaq in BOTH WAYS.
That means you lose 3x as fast also.
I didn’t buy a lot.
And I bought at 36.
Could get clocked that’s why I didn’t put a whole lot into it.
Trade with your head, not over it :)
I always wanted to use that line :)
Not you, Doughty, you’re too level headed, as I already know.
Much more so than myself :)