Goldtent TA Paradise

DRV

1. Marcusjames says:

   April 9, 2020 - 2:43 pm at 2:43 pm

   This thing moves in opposite direction to DOW. Makes sense. DOW might roll over here if it doesn’t get above 24,600.

   • pedro_deleon says:

     April 9, 2020 - 5:01 pm at 5:01 pm

     “This thing moves in opposite direction to DOW.”
     Well, yes, but only sort of.
     DOW is the symbol for DOW, inc. The chemical company.
     But you probably meant DJIU, the index.
     But to be accurate, DRV is a triple leveraged inverse to IYR.
     As in commercial real estate.
     Another ETF doing that is EMTY.

     • Marcusjames says:

       April 9, 2020 - 5:46 pm at 5:46 pm

       Yeah, I meant the $DOW or what ever different names it has. Thanks. Like that symbol: EMTY. If we stay shut down long enough, many will be going out of business. Pretty ridiculous if you ask me, to shut down an entire nation, destroy its economy when there should be selective quarantine so the cure is not worse than the damage done by the virus. Just got an absurd notification that my state Michigan will be shut down until the end of the month. Most restaurants will be toast by then, not to mention thousands of small businesses.

2. Marcusjames says:

   April 9, 2020 - 2:48 pm at 2:48 pm

   Want to make it clear, I’m not hoping for a return of Corona, it’s impacted my business as well. In reality, it has destroyed it, for now. I don’t have anyone close who has been physically affected luckily.