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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (59279)	5/6/2022 9:38:14 PM
From: Lee Lichterman III	3 Recommendations Recommended By ajtj99 Mevis towerdog Read Replies (1) \| Respond to of 96636

I guess I should clarify. I was talking about LABU as a longer term investment. As a trading vehicle, it could be a winner if the market turns up and the crowd jumps in. It's cheap, volatile etc which makes it a crowd favorite. I use it as a gauge for risk on/off because everyone piles in it when it's risk on. I have a basket of junk like that just for watching. Most have no earnings but you can buy a lot of shares cheap and they're high beta. On a side note, I noticed all day that RSP was down more than SPX. They are still propping the indexes while selling underneath. AAPL was actually positive on the day which helped a lot. Bonds are getting CRUSHED! I unfortunately hold an ETF that is high yield and holds corporate bonds and it got creamed this week. I'm going to have to do some extra trading next week to make up for it. I have two dogs in my long term portfolio that I should have cut loose a long time ago but wasn't really paying attention to because they weren't that big. Mistake.