Now that there is an ETF that tracks the SP500 (the strongest trending issue out there) with 2x leverage within the instrument, I don't understand why anybody would gamble on stocks that are potentially marred by rumors and the possibility of one losing the entire investment. Also, one is always usually last to know in this business anyway. Just look at AIG. A lot of money was lost in this stock, however, holders of the DOW 30 were unscathed, as AIG was simply replaced with Kraft. Ok, if you are able to find stock that beat the general market during a downturn, fine. Perhaps it is even possible to find that 50 bagger (although it is my contention that the "Peter Lynch approach" is much too antiquated) You can never lose all of your money holding an index. Thoughts?