Futures looking rough. Largest decline I've witnessed so far. I don't watch it much but I have never seen it below 0.30% on the ES1.
Fuck, I am getting very frightened guys. More carnage to come? I bought a ton of TQQQs not far from the top LOL. Fucking bad life decisions, tell me about them LOL.....
Hrmmm. Well, I have no experience on the leveraged ETFs, was something I was pondering a couple weeks ago. As long as you have only a small amount of your monies in it, I suppose you will be ok. As for carnage to come? Oh sure. We have the Fed meeting in two weeks where they will reiterate the rate hike, and then the March meeting where they will actually hike it. *shrugs* (But between you and me? *sniffs* Do you smell that? Smells like oversold.)
I dont think we are seeing any panic or even margin calls yet. That is around the corner. I think its a combo of inflation fears/ rates hikes and what hasnt been talked about all that much, a slowing economy.