Ever notice how some positions just refuse to quit? Direxion's TECL has been on an absolute tear—we're talking a 49,310% total return since hitting the markets back in December 2008 through last Thursday's close.

That's the kind of number that makes you stop and think. A $1,000 investment made at launch would've turned into something astronomical. Of course, leveraged funds like this aren't exactly set-it-and-forget-it vehicles—they're built to amplify short-term moves, which means they can gut you just as fast.

But here's the thing: that multi-decade uptrend says something about the underlying tech sector's structural strength, especially when you zoom out past all the noise and corrections. Whether you're riding momentum trades or just watching from the sidelines, these kinds of milestones are worth paying attention to.