Nothing like a hilarious Presidential Debate to tank the markets, lol. . . Btw, re: value erosion with inverse etf's: . Lets's say ASX200 is @ 6000 pts and you have $6000 of BBOZ... . Market goes down 2% ASX200 = 5880..........BBOZ shares = $6300 (2.5 X 2%)
Market fully recovers (+2.04%) ASX200 = 6000..........BBOZ shares = $5980 . . 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. . But it's really not THE biggest concern, . . which is a bull market...
