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Wall Street Gamblers Get Crushed as Leveraged ETF Losses Hit 40%
- deleted 2y ago[deleted]
- TheAlchemist 2y agoI know it's financial journalism, but it's always very funny to read those hyperboles. Crushed ?? Selling pressure ?? Nasdaq is within 5% of the all time high, up 20% 1Y, up 122% 5Y. Same goes for most major indexes. As for speculative stocks, the numbers are off the charts. Palantir is still up 272% 1Y... Bitcoin is up 71% 1Y, 941% 5Y. Nobody knows when this folly ends, could be tomorrow, could be in 5 years. But if history is any indication, it's pretty clear how it will end.
- pinewurst 2y agohttps://archive.ph/im9Bk https://archive.ph/im9Bk