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Friday was great, and people are already asking me to take airplane flights on a more regular basis, since that seems to be the ONLY time this stupid market is allowed to fall.
The Dow got hammered Thursday and Friday, and it has thousands of points left until it matches this year’s lows. I won’t even mention it’s 30,000 points higher than it should be, since we have to take this a step at a time.
Here’s a great example of how corrosive leveraged funds can be. Below is a percentage comparison chart of MSTR, a strong performer, and MSTX, its double-bullish equivalent. Is MSTX up twice as much as MSTR? Of course not! Indeed, it’s about HALF the performance. As a day trade instrument, it can be interesting, but over a span of even a few weeks, these leveraged funds will probably be much worse off than their underlying instruments.
