This ASX:BBUS chart may assist as to why I hold this ETF....
If you believe that the S&P 500 will retreat to at least the February 2016 levels, then this ETF will go to at least $14 (inclusive of mgmt fees) during the period it takes to get there. Regardless of day to day and intraday swings. Again, I have no idea about timing. Zero. But to me, given the economic reality around the world, and regardless of the stimulus, we are going to lose so much GDP that I can’t see how it avoids that end point (or greater). Some people argue we are going back to 2012 levels which if so, would have the S&P retrace to under 1500 and see this bad boy at $20+ levels.
- Forums
- International Markets
- SP500
- BBUS
BBUS, page-691
-
- There are more pages in this discussion • 13,800 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP500 (INDEXSP) to my watchlist
(20min delay)
|
|||||
Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a |
Open | High | Low |
2,958.8 | 0.00 | 0.00 |