3x ETFs Coming Your Way!

Are you kidding me?  Direxion Funds has announced plans to launch eight new leveraged ETFs that will give you three times the exposure (long and short) on the following:

Russell 1000

Russell 2000

Russell 1000 Energy  Index

Russell 1000 Financial Services Index

 

 

This is exciting, just think what you can do inside a margin account!  I equate trading 2x ETFs with an explosive called Nitroglycerin, so I don’t know what to make of 3x ETFs.  Do you?!