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Direxion Daily Latin America Bull 3X ETF Message Board

  • judge_smailes8 judge_smailes8 Jun 19, 2013 6:09 PM Flag


    Is LBJ close to capitulation, at which point long-term buyers finally throw up their hands and sell, laying the groundwork for a long-term rally? I cannot say for sure, but I have to believe we are nearing that point, although I have definitely been wrong about LBJ in the past.

    Between its market low on 3/5/03 and its market high on 5/20/08, the underlying index tracked by LBJ, the Latin America 40 Index, rose at an annualized rate of about 55%, for a total gain of just over 900% during that time period. Perhaps that was simply a bubble, but I have to believe that the underlying index is capable of rallying strongly again under the right conditions. Hopefully anemic market conditions will force the Latin American markets to create the conditions necessary for a tremendous wealth-creating rally.

    Sentiment: Strong Buy

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