Interestingly, I bought into the UYG 2x financials in ‘10 and held it all the way to now. Its performance over that RIDICULOUSLY long hold period has still well-exceeded the benchmark S&P IXM financials, including the effects of recent headwinds. Maybe it was the buy-in at such a low that volatility could only erode so much. (And make no mistake this ape doesn’t know enough about what he’s doing.)

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