Nothing like a hilarious Presidential Debate to tank the markets, lol.
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Btw, re: value erosion with inverse etf's:
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Lets's say ASX200 is @ 6000 pts
and you have $6000 of BBOZ...
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Market goes down 2%
ASX200 = 5880..........BBOZ shares = $6300 (2.5 X 2%)
Market fully recovers (+2.04%)
ASX200 = 6000..........BBOZ shares = $5980
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So you lose $20... the cost of a trade. Not much.
However, if the market keeps going up and down, but net sideways, that will start to add up.
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But it's really not THE biggest concern,
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which is a bull market...
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