I guess its nice getting a 53 cent bounce when it should be down 35 cents, but god, when the dow crashes to 10500 are gonna get hammered??? Why isnt DXD the inverse of DDM?? They both key off of the same stocks??
I agree it is BS, but it is probably due to the investments the ETF makes to aim for 2x not performing well. If you read the prospectus it explains hoe the fund attempts to create a 2x return. Obviously they are not very good at it.