Well the futures are currently ~1.7% ahead of where they were when AU market closed yesterday, so this could fall 3-4% further today.
Agree on your other sentiment, if the market is floating around this product will bleed you dry. It only works for rapid swings in one direction. You are much safer accumulating positively geared products over time during a dip, because you can be sure that wall st all want to make money and they need stocks to go up.
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