Trouble Ahead: Forgetaboutit
Inflation, tightening lending standards, falling U.S. home prices, and Lehman Brothers (NYSE:LEH) running out of money and embarrassing even Sopranos style management -- where do you put your portfolio?
Not to beat a dead house but the ProShares UltraShort Financials ProShares (AMEX:SKF) is about the only thing that makes any sense these days.
I'm sure you're tired of us talking it up, but trying to find a light at the end of the tunnel isn't worth losing your shirt over.
Some recent commentary we've had on the subject can be found here:
| Sir Charles Financials run, que the SKF |
| thestockmasters - Aug 14, 2008 |
| When in doubt just Buy the SKF | |
| thestockmasters - Aug 7, 2008 |
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Chart on the SKF:
ProShares UltraShort Financials (AMEX: SKF) gives gives you two dollars for every dollar down in the financials sector.
Just try to find some good news about our U.S. financial system, if you can by all means buy the stocks that will benefit from a recovery. But if you still get that glass-half-empty feeling after a few minutes of research, consider staying out of the pool or a SKF life-raft.
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