I agree it's a bad investment. That said I think they are a great trading vehicle especially since traders or investors rarely catch the tops and bottoms of a move in whatever timeframe they are trading. I like trading the SDS and RSU back and forth and have done pretty good so far but like any leveraged vehicle they can get you into trouble alot faster, especially the SDS. Like all trading it all comes down to money management.
A Skeptic on Leveraged ETFs [View article]