Sometime soon, the markets will taper off, and a somewhat semblance of order will follow.
Long term, I'm with you, market will creep back up, and longs will profit. If someone bought a S&P500 double weighted Ultra(not ultra short) RIGHT now, in a Roth with a portion of their funds, in 4 years and beyond they will have a big smile.
Same with an oil ETF, and big cap. Financial's might lag at first but will also bound back.
The market will dictate if the 3x survives, they are scary and have greater fees, so it might be too much pain for some, and if the volume doesn't pick up, and the provider doesn't make their return, they will go bye, bye. I do think they will have a tough time getting the volume of the ultra short 2x'ers.
Playing these is also playing with fire, just like a penny stock, so I trade soon to free shares, and usually scale out before it reachs the top, I want some of the move, and don't play to get all if it, these move too fast, and sometimes the gaps bite hard.
One area the 3x's will be good is to hedge in a non-margin account, played with sanity, these are just another tool to pull from the bucket, and they don't expire like options(big thumbs up there).
The market will reset, and I don't think the US Gov. really has much control overall in the scheme of things. The dot.com fall was wicked, but it passed, the market reset after is was IMMENSELY OVERBOUGHT, I think the DJIA at 14k we were overbought as well and the reset should take 2 years or more, but we are well into the 2 years.
I get fried in trades like most of us, but the ultra shorts have been quite predicable as of late. I keep trading the same $$ amount in trading these ETF's, and tuck away the profit for when Normalcy comes back, I can give some profit back, and I'll not risk new capital to these plays.
Rape profit, and never go for the home run works for me.
GL
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