%%Correct. Shorts (in stocks) are quicker to go back to zero than longs. Is a dividend in SPY even worth considering unless you have 10s of millions in stock?
Occasionally i like a SPY dividend\if i was somewhat sure, of a bottom\ good buy SPY+ UPRO.....
But not much this year\LOL. [Actually I skipped SPY last time i bought UPRO + SPXL, i seldom buy for a dividend]