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You’ve all heard the news. The United States has utterly outstripped the rest of the world in terms of equity performance and earnings performance. As a person who believes in reversion to the mean (sooner or later), I find it odd that people think this as a reason to get INTO stocks now.
Since we’re heading into an unexpected one-day no-trading period, let’s just take it easy and enjoy this joke from the late, great Gilbert.
It seems to be common knowledge that leveraged ETFs are only good for very, very short-term trading (measured in minutes and hours). I’ve got to say, though, that the ultrashort-on-bonds ETF symbol TBT has been a quite steady performer not just for a few minutes but for five solid months, blossoming into a gain of about 50%.
Anyone who believes in TBT is betting FOR inflation, FOR higher rates, and AGAINST the ability of the U.S. to control any of this. Thus……….winning!
