If you think the stock market is a volatile place, you ought to get a load of ETFs that use leverage.
From Oct. 10 to Oct. 15, the Direxion Daily S&P 500 Bull 3x ETF (NYSEARCA:SPXL) collapsed 10.07%. But from Oct. 15 through today, SPXL soared 13.40%. That’s a breathtaking swing of 23.47% from negative to positive gains in just a matter of two weeks!
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The gold market is the epitome of human psychosis.*
On one hand, there’s the anti-gold camp that have utter disdain for precious metals 24 hours a day, eight days a week. On the other hand, there are the survivalist types, general goldbugs, and anti-Fed clan who live, breath,
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Never mind the S&P 500’s (^GSPC) mild nosedive. Wall Street’s analysts are still cheerleading stocks for 2014 as if nothing has changed. How bullish are they?
Among Wall Street’s analysts, 18 out of 21 predict a 3% or greater increase for the S&P 500 (NYSEARCA:SPY) in 2014.(see table below)
One of the most bullish 2014 forecasts is Abby Joseph Cohen of Goldman Sachs who,
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