I have been thinking the same. Don't watch Ausi too closely but the way it's behaving this morning you could be fooled to thinking "what virus" . Surely if the world is going down Ausi is going with it ?
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Found it, its US based but applies to BEAR and BBOZ just the same:
Real-Life Examples
The following two real-life examples illustrate how returns on a leveraged or inverse ETF over longer periods can differ significantly from the performance (or inverse of the performance) of their underlying index or benchmark during the same period of time.
Between December 1, 2008, and April 30, 2009, a particular index gained 2 percent. However, a leveraged ETF seeking to deliver twice that index's daily return fell by 6 percent—and an inverse ETF seeking to deliver twice the inverse of the index's daily return fell by 26 percent.
During that same period, an ETF seeking to deliver three times the daily return of a different index fell 53 percent, while the underlying index actually gained around 8 percent. An ETF seeking to deliver three times the inverse of the index's daily return declined by 90 percent over the same period.
https://www.finra.org/investors/aler...hold-investors
David McEwan's offering a managed shorts service - in case anyone is familar and/or has any general thoughts?
Back into BBUS @ $2.51
I just get the feeling this run in US markets going end in tears sooner than later .. BBUS making a major double bottom
Goodluck mate,I havnt been daring enuff to get back in BBOZ.Hey Peat ,you around,what is your t/a telling you,you thought a drop was close some days back.
Attachment 11754
Double bottom ..COVID cases making records etc
And Going off the USA 500 Futures S&P 500 index the Supertrend has just today broken the hourly Bull Trend that has held since late 26th JUNE
Is BBOZ safe to buy.. they seem to own nothing and have no CEO or anything? Their disclaimer is really lose. Like ...we own nothing , we do nothing and we guarantee nothing ...!
Looking to buy some though before its too late and the world wakes up to what a mess we are in .