00:00Eric Bautrinus has an ETF for us that's red light and like red light times like three.
00:05Eric, what do you have for us?
00:06Yeah, so this is the biggest leveraged ETF on the planet, TQQQ.
00:10It's the ProShares triple leveraged Qs, right?
00:13And it's interesting, you know, we talk about red lights and be careful out there because these ETFs have volatility
00:18drag, etc.
00:19But this particular ETF, even though it's red light for heavy leveraged and daily resetting of leverage, which has vol
00:26drag,
00:26it's up 41,000% since it came out.
00:29And what's interesting is the people using it have been really smart.
00:33When it's down, they buy into it.
00:34And then when it goes up, they take profits.
00:37They're buying low and selling high.
00:38Yeah.
00:39And so over the course of the lifetime of this ETF, it's seen 12 billion of outflows and it has
00:4632 billion.
00:47So it's interesting.
00:49So that means it's close to 50 billion dollars in gains.
00:51And this to me is why these leveraged ETFs are critic proof.
00:56Because everybody dumps on them.
00:57But the gen traders using them are like, I don't really care what you say.
01:01I'm making a mint here.
01:03They're using it as an ATM machine.
01:04It totally works for them.
01:05Effectively.
01:07Okay.
01:07Well, I thought we had a picture of the outflows there.
01:09Oh, we don't have the.
01:10Okay.
01:10So go to Eric's research, BI ETF on the Bloomberg Terminal.
01:14And you can see the chart that really highlights how much in profits these guys have made from this ETF's
01:19performance.
01:19It's pretty incredible.
01:20What did you say?
01:2142,000% since it's accepted?
01:2341,000%, which is 22 times QQQ.
01:27However, you've got to be very careful.
01:29That's not the norm.
01:31Yeah.
01:32Be careful with this.
01:33It's a perfect scenario.
01:33It's a red light.
01:34It's a red light.
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