By Douglas French
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
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3x? That’s all you got? We can do better than that. At least 5x.
I'm sure they will.
Leveraging will always be a poison to society.
The people that use it are leeches.
Only if they get bailed out. Otherwise, they'd just be cautionary tales.
Only the wealthy leverage.
Everyone else who does ends up bankrupt.
They'd probably end up bankrupt too, if they didn't get bail outs.
The wealthy always get bailed out.
Especially corporations.
True, but that's not leverage's fault.
If they didnt have the ability to leverage, the wouldnt be in that situation.
They would just go bankrupt.
I view leveraging in the same way as gambling is!
I think most "investors" are essentially just gambling. They aren't investing in things because they understand them or want to support them. They're just hoping to get lucky.