That's why I posted it.
Whatever happens with this CoronaVirus; it has spawned a black swan already.
70-80% of the people, even ones who know about it, still have 'normalcy bias' - this is when the astute can make a killing; or lose everything.
If you had 1000 shares of SPXS in February 2008 it would have been worth several million dollars. You can pick it up for a few thousand bucks today.
This is why we learn about these things!
Not only so that we may understand what is happening, but so that we may act boldly when the opportunity arises.
Why The SPXS?
Look at the three year chart (below):
The SPXS has just hit its lowest level in a decade - since the last crisis. So it is at the very bottom and markets are boiling. This is an anti-fragile position; but one with a long record.
Worth looking at if you have the stomach for roller coasters.