Quote from: Xcandol on September 20, 2018, 08:39:29 PM

Any ideas the time of the sec decision on etf approval for direxion tomorrow ? Approval or rejection ?
I'm on the side of rejection

The commission is supposed to decide on the matter on September 30th, so I doubt we'll hear anything this week. I think they'll reject it. Or maybe they can just keep postponing it. I'm not really sure how that works.

So I'm planning on bad news dropping at the end of the month. But I'm also not sure how much the market will care. A rejection has got to be priced in way more by now vs. with the Winklevoss and futures-based applications.