So u r short the market? What's your target level?

I don't believe in the recovery also. Tried to short it but fail. The problem with shorting is unless you found a cheap way to take a short position of up to 2 years else you will lose your money even before you are proven right. The SQQQ is 3x leverage of nasdaq 100, so yeah pretty dangerous and decay is fast.

Right now, even with retail investors i'm guessing many fled from fixed income investment into indexing due to low interest conditions.

As such even tho the newbie speculative punters may cause rise and fall fluctuation in S&P, the broader market is supported by these fixed income indexer. It will take a very overheated market, or a very big panic situation to cause the market to crash for you to get a good profit for SQQQ at current price range.

A 10% drop in QQQ would only meant 11.57 for SQQQ, and after such a drop the possibility of a rebound back will be high as well. You better hope a bigger than 30% crash happen in this 3 months.

Also QQQ composed of very hard hitting tech counter such as the FAANG. I would not short these if possible. SDS might be safer.

yes, i agree.
i think that is due to gomens getting "clever", maybe even for political reasons.
current free market capitalism is man-made, does not obey any universal laws.
mr usa can issue unlimited trillions of new $ to buy up bonds and equities that nobody wants.
the new $ need to go somewhere... even bad bankrupt biz.
so, life goes on.

the alternative is to let a lot of them fail, wipe out trillions, go into depression, start anew.
that wud be great for young people as they can start to save and buy assets at much lower prices.

but the current generation particularly the wealthy is not ready to lose their billions.
people alive today do not really think about those who will be born in 1, 10, 100 years from now.
it will collapse someday but not now.