Just discussed on CNBC.
F you guys.
Why is it a buy?
I am personally buying into this gangbusters on any dip.
Justify your existence. Give me insight into my net worth amateurs.
Did CNBS really call SRS a buy? Crap! I like this ETF and have high hopes for it. However, I have an investing rule to do the opposite of whatever CNBC says to do. It is my Bizarro CNBC rule.
I dunno...I may have to ignore the rule and stick with this one. I just reloaded a week and a half ago. Once some of the banks tank, I think this will shoot up and eventually thru 150
You do realize that SRS loses approx 3% each month vs the index that it is shorting. Compare IYR's price from 5 months ago and SRS was MUCH higher when IYR was at this price. Not saying that it won't go higher from here, but the downside risk is higher than the upside potential in my very humble opinion.
non stop to 150....
ha
bet cnbs makes this dive back now to about 105 or so....lol