Redditsux@lemmy.world to News@lemmy.world · 25 days agoDow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shockapnews.comexternal-linkmessage-square170fedilinkarrow-up1820arrow-down16
arrow-up1814arrow-down1external-linkDow drops 1,200 as US stock market leads a worldwide sell-off following Trump's tariff shockapnews.comRedditsux@lemmy.world to News@lemmy.world · 25 days agomessage-square170fedilink
minus-squareandyquest@sh.itjust.workslinkfedilinkarrow-up3·24 days agoWell I just bought some inverse SP500 x3 ETF so I’ll hold onto that until we reach the new great depression
minus-squaregrue@lemmy.worldlinkfedilinkarrow-up8arrow-down1·edit-224 days agoLOL, good luck with that. (Inverse ETFs, especially leveraged ones, don’t work the way you think they do. They’re not really intended or suitable for anything but day-trading.)
minus-squareandyquest@sh.itjust.workslinkfedilinkarrow-up2·24 days agoU right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I’ll just buy a long put
Well I just bought some inverse SP500 x3 ETF so I’ll hold onto that until we reach the new great depression
LOL, good luck with that.
(Inverse ETFs, especially leveraged ones, don’t work the way you think they do. They’re not really intended or suitable for anything but day-trading.)
U right, made up some of my losses today but I do plan to sell as soon as it looks sort of stable then I’ll just buy a long put
That sounds like sunscreen