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I like that bet. I started making that bet like 3 years ago (shorting a longer term bond ETF, forgot which one), but stopped when it went against me too much. Maybe now is the time to start shorting that ETF now as well. I'm an expert short seller by this point lol...

Yup. Its heading back down again very likely unless something very unexpected happens. I doubt we'll see it in the 9s or 8s or 7s (? forgot exactly how low we went) again, like we saw a few years back for awhile. But when I tested it the mean since it was around appeared to be in the mid 17s...

Oh I think Ken gets it, and given that he will probably lose on the trade, but UVXY can SKYROCKET despite that mathematical science. I mean 200%, 300%, plus, the sky is the limit. Good luck Ken! Actually, if UVXY goes up big that means the market is almost certainly going down big. So crash...

Can't use uranium to pay grocery bills?

Stay out of this Growley one, this is between me and that dumbass loser troll....

Lol. Perfect, champ.

You dumb motherfucker, I was simply asking a question, and referring VERY GENERALLY to something that causes the leveraged funds to decay bigly over time. Again, I was asking a QUESTION, not giving a fuking SEMINAR. I'm not going to go read a freaking prospectus to understand how a particular...

Baaaahahaha, that is all your dumb ass can come up with? I'll just repeat what I said before, you dumb motherfucker... "You dumb motherfucker, I was simply asking a question, and referring VERY GENERALLY to something that causes the leveraged funds to decay bigly over time. Again, I was asking...

You dumb motherfucker, I was simply asking a question, and referring VERY GENERALLY to something that causes the leveraged funds to decay bigly over time. Again, I was asking a QUESTION, not giving a fuking SEMINAR. I'm not going to go read a freaking prospectus to understand how a particular...

LOL, the world is insane. Goldman IMO is probably the best run company in existence. This is INSANE...

Yes, I was being very generic because I didn't recall the exact reason for the decay, hence why I though in "whatever". You are nit picking my post to try and sound smart. The bottom line is that I was referencing one or more phenomena that causes leveraged ETFs to perform piss-poor over time...

LOL, so I was 100% right, you just call it something different to make yourself feel smart. You are a true dumbasses among dumbasses.

Why don't you tell me in plain words why I was wrong.

Dude, what is up with you being a dumbass on every thread? I spoke in plain English, you are just a complete idiot lol.

Thank you for applauding my rightness. I'm glad I have my very own personal female cheereleader!!!

Has it been confirmed that Brooks actually made good money trading? Not just selling trading courses and materials and what not, but from actual trading? I know nothing about the guy, but he sure gets talked about a TON on this forum, mostly by padu I guess lo. I guess I should read some of...

So fiftium, isn't the moral of your OP just not to touch TQQQ? I think everyone knows that due to the contango or whatever the futures roll costs are that give it the daily (generally) 3x power but eat waaay into its performance long term? Thanks!!!

Yes, they lower it by the amount of the dividend on ex-dividend date (I think that is the date). Which makes perfect sense. If a company has 100 shares, and its worth $100 a split second before it pays a dividend, or $1 a share, and it pays a $10 dividend, leaving it with $90 among 100 shares...

RedSun, when you say China is trying to diversify into EURO, but EURO too weak, isn't that a GOOD time for China to get into EURO? If you buying not to try and turn a quick profit, but for long term diversification, you want to buy in cheap!!!

Yep. I've been saying it for a long time now. Inflation is here, and its only going to get worse. Who was the person the other day that told me, when I said as much, that "inflation is so 1970s"? What a dunce. Prepare for HELL...