Wall Street’s latest poison: Leveraged ETFs
The market always seems to teach retail investors a lesson. Bloomberg reported leveraged ETFs such as The Direxion Daily Semiconductors Bull 3x Shares (ticker SOXL), which delivers triple the daily move of the NYSE Semiconductor Index, took in a record 1.5 billion last week, only to drop “15% Wednesday to extend a 37% loss in the past 14 days.”
United in economic stagnation and false fears
The U.K. election is over. While it was in full swing, I happened to find myself watching an interview of party leaders from the 1959 election, and it put so much of the current political landscape into perspective.