As Expected
Only the speed of the decline is of some surprise, though we've often warned that one of history's most overblown and levered manias would implode in historically spectacular fashion.
Ref:
November 30, 2019 - "What Goes Up..."
December 27, 2019 - "Adding TVIX"
January 07, 2020 - "Tolling Of The Bell. TZA and JNUG"
Stocks remains grossly overvalued in the long term, however a bounce seems soon due.
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