The Wall Street Journal is now in the action with their comments on double leveraged ETFs. This is a cursory look at the issue that is getting some attention, but it fell short of providing any usable information.
Clearly, we were in a time of wicked volatility and the swaps got crushed once the market turned since the volatility factor was eroded. I am not sure why the fellow on the left is so animated and needs to say “steer clear” as that is not at all what the gent on the right seemed to be saying. Was it?