I concur 100% with you for long term. But you know what they say about how markets can stay irrational longer than you can stay solvent. I'm sure you don't have all your eggs in shorts so just be patient or know when to walk. SDS only sux cuz the decay.
read the article about the "good" news in unemployment. states have been paying unemployment insurance and since no one is finding jobs people are going off state unemployment after 26 weeks and going in to federally paid unemployment. can't see how that is good news but that was what the article was about.
Market should struggle today and likely give up next week. Can't escape the disappointing earnings from MSFT and AMZN and with the market being overbought to high toofast, its a good bet buying some SDS at these levels.