$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ boy how abou...
$Direxion Daily Small Cap Bull 3X ETF (TNA.US)$ boy how about this huge monster 50% gain by the end of the year for the Russell. this is a leveraged ETF and it's not doing shit. Tom Lee banned me on Twitter . he evidently didn't like the fact that my economics background months ago, when I told him he's wrong and this is why..it wasn't to his liking. he has many millions of people that put them on a pedestal. he is very smart but that doesn't mean you're always right. I made money in the past from his ideas.
when he went against the entire crowd cuz nobody's looking at small caps every bobblehead on TV bandwagoned exactly what he said and money flowed in and that's when we saw the Spike and this leverage ETF, it went through the roof. and then reality set in which is what I was saying that these companies are not going to have any benefit until there's 175 200 basis points cut which will put his next year we're talking second quarter before refinancing debt is going to add anything to the bottom line. and then I obviously told him that you cut rates cuz the economy slowing and small caps get hurt when the economy slows so you got to double-edged sword the economy slows and it takes too long for them to benefit from lower rates not going to work. what does he do he blocks me . so much for freedom of speech right..
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36 yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk mkt maker.
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