If commodity stocks in which the underlying companies are cash rich get hit to nauseating levels then why not the companies that cater to the ultra rich?
There is an etf just released for that purpose and is called ROB. short it short it short it.
Of course, if it does well then once again the fund managers get away with the loot leaving the common man (this time meaning government) with the bag.
My technical indicators don't work with an etf just released so this is based solely on whimsy. Kind of like what has kept the mortgage market up.
So this is in place of AA in my speculation category.
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