This ASX:BBUS chart may assist as to why I hold this ETF....If...

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.