Stocks are FALLING!
SPY = S&P 500 SPDR ETF
TQQQ = 3X Nasdaq 100 ETF
Performance normalized where 1/2/2020 =1000
Source: barchart.com
SPY and TQQQ bookends the stock market where SPY ="market" risk and TQQQ = just about the highest risk suitable for rational investors. With SPY down "only" 7% we see WHY you might NOT want to buy and hold TQQQ.
The question remains: how LOW can it go.
*as of 3/10/2025 10:14 AM EDT
IF history is any guide (BIG IF), the market can go a long way down. 80% down in TQQQ would take us to $19 or so. A 40% break in SPY would take us to $368 or so. All we have is history and our only saving grace here is history also shows the market, with time, recovers.
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