Yes, true, but as I said, it has cost to hold BBOZ (for 3 months) even in a moderately falling market. So if you want to hold as a hedge, I would only hold BEAR (not BBOZ or BBUS). I’m now only holding 10% BEAR, 20% gold futures, 50% long equities (mining and technology stocks), 20% cash. No leverage.
Perhaps I’ll buy back into the leveraged hedges if I see a good sign for significant market fall, but I’ll only hold for a few days.
Interestingly, I saw a big spike in BEAR volume on 23 February at the start of the correction, perhaps this would be a good indicator?
