Another one bites the dust...haven't heard from this person since SPXU went <47.
Maybe she went and bought UPRO instead.
No stock (if you want to call SPXU a stock) goes straight down to <30 as it might go; her timing was off.
3 weeks without a meaningful correction and SPY hitting the magical 1050 figure brings us to interesting times.
How much higher before the reversal? September 1/2 over, and tame compared to same month last year. Doesn't look like another <9%> return like 9/08. Maybe a 5%+ return, instead, at the rate it is going.
Markets fools most of the people, most of the time, as the saying goes.