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Gambling

 

Gambling

Courtesy of 

More anecdotes / data on the gambling phenomenon I blogged about this weekend…Bloomberg News via Peter Boockvar:

The ProShares Ultra Pro QQQ (TQQQ), which mimics the NDX but three times the daily exposure, collected $1.5b in the past 8 trading days, the most over this time frame since 2010. The money though came in as the non leveraged QQQ lost $4.8b last week, the most in more than 20 years. To differentiate, assume that TQQQ is a fav of the day traders while QQQ is just an ordinary index etf relative to it.

My chart, via YCharts:

Michael and I are going to get into this tonight on the new episode of What Are Your Thoughts – subscribe to our channel here.

[I'm adding the episode here. This is the same video that's in the previous post by Joshua. ~ Ilene]

 

Read also:

It’s now officially a casino (Facebook)

 


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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

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