yes, but even mr. slow and steady, bogel of the vanguard fund; sees two serious corrections within the next 10 years. hope you're factoring in some serious corrections, i believe we have at least one coming within two years.
that said, i'm with you on svxy over all. i wish i went all in a year ago when i found it and i'll definitely go all in after the next correction.
When did Bogle say that he thought that there would be two serious corrections within the next 10 years? It wouldn't surprise me to see two bear markets with maybe 25% drops during the next 10 years, but I would find it hard to believe that we'll see two more bear markets as bad as the 2000-02 and 2008-09 bear markets. The 2000-02 bear market was the worst bear market since the 1973-74 bear market (which was the worst since the Great Depression).
It is hard to fathom that we are going to see ~50% corrections in the S&P 500 about every five years or so from now on.
What's your current SVXY position? It could hit 250 or more before a serious drop (10% or more). I know I saw Bogel said there will be 2 drops of 50% in the S&P in the next decade. Just one would take SVXY down 90% or more. I don't think Bernanke and his successor are down for even a 2% drop in the markets let alone 50%.