Q: Hi Peter and Team,
Can you comment on the Direxion shares 3x leveraged ETFs? The ones I'm specifically looking at are DUST, NUGT, and CURE. I understand they're high risk (especially DUST and NUGT) and swing pretty drastically in both directions. Would you view DUST as being a good, but aggressive, hedge against the general economy? CURE also looks interesting as a bet that the healthcare sector will continue to do well.
Thanks,
Jordan
Can you comment on the Direxion shares 3x leveraged ETFs? The ones I'm specifically looking at are DUST, NUGT, and CURE. I understand they're high risk (especially DUST and NUGT) and swing pretty drastically in both directions. Would you view DUST as being a good, but aggressive, hedge against the general economy? CURE also looks interesting as a bet that the healthcare sector will continue to do well.
Thanks,
Jordan