You could also try the 3X ETF's. Some ETF's you can hold for a long time since the actual percentage moves pretty much reflect the real index. I have held the SPX ETF's for many months at a time, with little deviation to the actual percentage moves. A good number of these vehicles however is not for any long term bet.
As for the market it looks like we have a short drop that should most likely only last till Fri. or Monday. Still expecting 1790 - 1805 range.
If we do surge from there I would bet you that is the last wave before a nasty drop of 20 percent. Optimism is way ahead of reality. The amount of consumer credit these last 4 months was huge. Getting back to old habits, but without the advantage of starting from a solvent position. Savings once again depleted. If you do the math without real asset growth or wage growth earnings will take a hit. But I think I am ahead of myself here. For now it looks like a steady upward bias, leaning towards a steeper ascent.
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