Originally posted by Big_Fella This ASX:BBUS chart may assist as...

Originally posted by Big_Fella
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.


I don't need to be convinced BBUS does well in a downturn I've already made heaps on it. I want to find a easy way to know how much profit/loss one should make each day. Here's a chart using daily NAV and SP500 futures but I can't see a reliable daily percentage inverse change to the BBUS price. Here's all the data what should I calculate?

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8	Column 9
1	Date	NAV	% Change	SPF Close	% Change	BBUS Open	% Change	BBUS Close	% Change
2	01-Apr-20	4.94	1.26	2,448.00	-4.74%	4.45	5.70	4.64	6.67
3	31-Mar-20	4.44	3.74	2,569.75	-1.59%	4.21	-16.80	4.35	-4.61
4	30-Mar-20	4.28	-7.56	2,611.25	3.46%	5.06	10.00	4.56	-0.87
5	27-Mar-20	4.63		2,524.00		4.6		4.6