If that's true I do feel bad for that guy. He's in the clear though, this is the great financial mania of all time and will obliterate all the old ones. Just tell him for the love of god do not sell SVXY. Ever. It will go from 80 to 1 billion per share if he can hold on for 25 years. Here's the deal- stock prices have reached a permanently high plateau, they cannot ever be allowed to drop because they are the sole pillar supporting the economy.
You mean they didn't even announce anything? Over a buck on SPY literally out of nowhere, that has to be a leak of more QE or something.
I doubt it. Look at today and see the power of this bubble, all the low quality junk stocks are going to the moon and XIV is exploding. Yeah, it dipped under 40 and I bought more. I am over 100% in XIV and expect it to hit $500,000 per share in 10 years.
Have you ever used this product? If so what do you think of the quality? Personally I say it is hot garbage and this company will never survive in the long term.
The problem is even if this market somehow stops going up for a year or two and just goes sideways (a drop is impossible) this fund will be under 7 in 2 years. Amazing. He will close in on -50% during a 200% rally.
All of that stuff is nonsense. All you need to know is this is an equity market bubble. Make your decisions according to whether or not you think the Fed can keep it going. I think they can so I am long big time and also short VXX.
Why do you think the Fed will ever raise rates? I think even a raise to 2% sends the economy into a severe recession.
LOL I've made more money in the past week than you'll ever see in your life. That doesn't mean I don't feel bad for young people today. You're just a low grade dog turd so I won't hold you to the same standards I apply to myself.
a dollar? Try a nickel! XIV will go from the 42's right now to one thousand million billion in 15 years.
Here are my honest predictions for the next 10 years:
Stocks return 150,000%
Housing prices up 200%
Real incomes down 45%
Boy you better have a bunch of paper assets. I feel lucky I do. If I had to count on a strong real economy like so many people do I'd be in a panic.