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If you had the stomach for such a thing, you might want to look at YANG, a 3x leveraged bearish China ETF, which is up about 30% over the past 3-4 days. Carefu
by jonnycat 11y ago
If you had the stomach for such a thing, you might want to look at YANG, a 3x leveraged bearish China ETF, which is up about 30% over the past 3-4 days. Careful though - it will move just as quickly back down if the Chinese market recovers at all. I think the quote "markets can remain irrational longer than you can remain solvent" may apply here...
- curiousjorge 11y agowhat the...why is it up? this ETF is bonkers, it's actually been trending downwards for the past 3 years. amen to that quote...this one is a little too hot for me, might stick to the other ETFs mentioned below.
- dennisgorelik 11y agoIf you do not understand why 3x inverse ETF trends down over years -- do NOT short anything, because you are going to loose (due to not sufficient acumen in trading). Do NOT day trade either (for the same reason).