I bought SDOW in 2014 and 2015 and have held it since in the distant hope that I may recoup my money. Keep in mind I didn’t come close to recouping my money in the recent 30% draw down. Because it is 3 times, when it goes down it goes down like an elevator, straight down. That is because 3 times a larger number down is a larger multiplier. On the way up it goes on an escalator, because 3 times the smaller amount is a smaller multiplier. I cannot caution against purchasing this any stronger. The market is so hard to predict. Right now tens of millions are unemployed and stocks are still overvalued and we are in a recession that could close many businesses that will never reopen, yet the market is up around 3% today and 23% up since the 30% drop. Only God knows what will happen. People could wake up tomorrow and realize that we are in a really hard place. But euphoria begets euphoria these days, up is down, and calling any kind of top or now the downturn is just a guess. The Fed is determined to print and print yet the dollar is barely devaluing, it doesn’t make sense, but if you bought now you might not ever see your money back.
Post count: 17
