RE: Branch InsightDpb, thanks for the insight. This one could be a good hedge for you re job loss to help build up a rainy day fund until things do get better.
My insight is why would the TD CEO sell 25 million $ worth of shares over the past several months if he didn't believe the easy money has been made in the stock. 1/2 those shares were sold over 20% ago yet TD share price keeps rising due to all the money on the sidelines trying to play catch up.
If it wasn't for the daily rebalancing this one could be a good winner or you could share the financial index and forgo the 2X leverage. I honestly beleive a 10-15% pullback will occur but not too excessively as there are only so many blue chip Canadian companies to own.
Hopefully the earnings at the bank are falt at best and then we coudl see some downside pressure,
GLTA