re: Can we have a “Leveraged ETF’s: explained” thread?

If you can emotionally stomach the volatility, leveraged ETFs can be effectively used. It's not for the lay person because it is extremely risky (but not because of the 'seesaw action' decay described by others because the market typically goes up more than it goes down; keep in mind that 'decay' math works the same way for 'growth'). I trade my leveraged ETF once a quarter, selling highs and buying lows. I've done extremely well and my losses during the downturn are just something you need to be able to handle. I know the risks and choose to play the game. It's been a winner for me.