Subject: File No. S7-24-15
From: Matthew Carnicelli

March 19, 2020

I think this proposal is ridiculous and completely unnecessary. Anyone who buys one of these vehicles is well aware of the risks in fact, I would argue that the risk is much greater when depending on market advisers who want you keep buying and holding stocks even in a down market.

One of these days, our current BUBBLE in equities will implode - especially with America running a $1 trillion year deficit - and there will be good money to be made in inverse funds. A inverse fund may offer even casual investors a vehicle for withstanding this inevitable implosion.