No, this is incorrect. I know numerous people who loaded up with inverse ETFs. Looks like a few did here too. Not me though, unfortunately.
He claimed his last post was on Sep 1st (which it was), after he was banned for a week prior to that.
%% NOT a prediction; but cutting a loss starting scale in SPYG = good. Good inverse ETF moves Up, 200 dma hindsight. I would be glad to see UPRO uptrend again 3 year charts + it is/3 year. SEPT tends to be down anyway\200dma = down. UPRO has a candle chart SEPT topping tail\ some times that can signal a top area\LOL Good thing about SEPT hindsight, it doesnt predict. Most all inverse ETFs are up YTD also\ good hindsight\ good lag
%% Congrats for your truth telling\ some did a INVERSE scale in today+ added to winners; some took some profits+ My post also concerns today +cutting a loss \ a SPYG starting position. Most people that invest/ trade are already rich\ just not MSFT/Bill Gates rich/LOL. MY SH order never got filled / but that$ fine, to tell the truth. To tell the truth ,you could learn to trade an inverse like SH, if you wanted to?? I dont mind a topping tail\SEPT on my UPRO\SEPT tends to be a down month. NOT a prediction
surprises like this happen when there are more reasons to buy than sell but its not working.. sucks in a lot of buy the dip average longs who have to dump at the lows exacerbating the move down.
%% Some sold thier longs ' cause they wanted to\ + knew a red long loss = an inverse green gain.\ Other were watching a 200dma which favored the bears or inverse ETFs most of the year+ YTD. Others saw[ not foresaw] a SEPT topping tail on UPRO but seldom if ever ''have '' to sell. Good green inverse moves today, in a brown desert of averages.
One disappointment was I took stop in gdxu, it looked oversold, but I guess in this market gold isn't good. I'm holding a bit of uvxy overnight, but mostly cash, it's a daytraders market imho
Looks like this market is unique unto itself. It appears to be an inflection market where the old rules no longer apply like the post-SEC market of the 1930s. There are too many people who believe deflation is right around the corner. Looks like inflation is long and sticky like in the 1970s & 1980s. Best analysis I've seen of this market is the former semiconductor analyst turned hedge fund manager -- Dan Niles. He has been right all the way down especially on semis & tech in general. The trailing P/E of tech in the high inflation days of the 1970s was 8.5. QQQ trades at 24+ trailing P/E. The tech trade is officially dead.