[Bon mots]

Just some info for my fellow FReepers...

If the market continues to slide until the S&P hits 2007-2009 levels on a percentage-wise basis, this is where the SPXS can go...

Since it's at $26.05 today, there is still room to make some gains - unless some miracle happens...

Personally, I fear that there is more bad news ahead as unemployment numbers come out. They will be frightening and unprecedented in our lifetime.

Possibly a last chance to recover some of your 401k... however, don't bet your grocery money on this. It is a triple short ETF - so for every 10% the S&P falls, this thing goes up 30%... as in the table.

[dp0622]

Nobody who isn’t a very very experienced trader should be trading something that moves at three times the pace of the underlying market or commodity. You’re a fool to give people that advice

Anyone reading this please, please ignore him.

[Professional]

Insanely bad advice

Please, give us your educational and work related experience in finance and or econ?

Those leveraged Direxion portfolios and similar are full of fees, spreads, and derivatives where the net asset value is always falling, and the promise of the returns are mitigated by the hour from those expenses. They shouldn’t be legal.

[ConservativeMind]

It’s not as straight-forward as that.

You lose some of your base investment every day, so you need to make it really count.

[Vince Ferrer]

A Short 3x leverages security will also collapse quickly when things turn around, and I think we are closer to the bottom than the top right now. You may get trapped in an investment you can’t sell in time.

[alrea]

Direxeon leveraged ETF’s are powerful if you are correctly timing trends. HARD FOR ME THOUGH.