Originally Posted by
scambo1
The market fell off the cliff on the 3rd of october. If you had bought tna at the bottom, that day, you would be up about 100% today.
Now noone has a crystal ball, but I wrote that on the 2nd. I did not know the cliff was on the 3rd or the 15th.
No matter how you slice it, in one month you would have beat 8 years of the snyder method. Just sayin.
Looking at the Dow, NASDAQ, and the S&P500, they all bottomed on or about October 3rd, but they had pretty much gotten to the bottom already. Hardly a cliff. Anyone who went from equities into cash then, fearing a "cliff", has locked in their losses.
TNA has had a good run since then, but that kind of investing isn't for the faint of heart.