These ProShare ETFs are designed to go up when the market goes down. As Warren Buffet said be greedy when others are fearful and fearful when others are greedy. The market will correct itself someday. It has to come back down someday, so if you have the money what is to keep you from buying one or all of the three SKF, SH, or SDS exponentially as the market goes up if that continues? In other words as an example, you buy SKF and SH (let's say 5 thousand in each) right now. If the market corrects and goes down you make money. Let's say it doesn't do that right away and the market continues to go up. SKF goes down to say 15 dollars a share. Then you buy 10 thousand dollars more in shares. etc. etc. I'm assuming there's the obvious possibility that these ETFs will go to zero or be dissolved? Going to zero doesn't seem likely, but being dissolved does. SKF is heavily leveraged but that will mean high reward when the market turns into a bear. Does my idea have any merit? Does anyone here know anything about these ETFs especially SKF? Any insight would be great?
