Banks have done extremely well the past year. If purchased in 2010 when it was recommended, most should be close to a 100% gain in the past 3 years. FAS which is a 3x leveraged ETF of bank stocks has done exactly that. The downside of leveraged ETFs is that when the price drops, it goes down by 3x somewhat losing a bit of value each time. If it is always going up, then there is not that much to worry about.
For example, if it is 100 points and the value goes up 33% making the price = 133. However, if it goes down 33%, it would go down by 43.89 making it 89.11.
Casinos took a while too take off. MGM and LVS are all up.
China stocks are all up. However, BIDU finally made a huge run going from 90 to 150.
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