The DOW crosses 13,000: Gentlemen place your bets

Think the DOW will keep going with record oil and gas prices?  How about the cost of groceries?  Did you get that loan from your Bank, how about that new house? Cypher once said, "Ignorance is bliss", don't get caught with your pants down Masters, let's break down how to play this market.

We've said this a million times, but the time is right:

The QID, DOG, and SKF: Rinse, Lather, Repeat

Best against the DOW, use Short Dow30 ProShares (Public, AMEX:DOG), check out -- The DOG is man's best friend.

The banking industry is still hurting, UltraShort Financials ProShares (AMEX:SKF), detail found at --Down the Banks Go (BAC, WM, C) - Hello SKF.

Tech is a bit stronger, so the UltraShort QQQ ProShares (ETF)  (Public, AMEX:QID) would be my last choice. 

Think your stocks are safe?  Think again.  All the negative Nancy news is going to hit your portfolio, your IRA, your 401(k), and it's not going to be pretty.

American families, already pinched by soaring energy costs, are taking another big hit to household budgets as food prices increase at the fastest rate since 1990.  The backlash will finally hit U.S. corporations and your stocks will take the heat.

After nearly two decades of low food inflation, prices for staples such as bread, milk, eggs, and flour are rising sharply, surging in the past year at double-digit rates, according to the Labor Department. Milk prices, for example, increased 26 percent over the year. Egg prices jumped 40 percent.

Escalating food costs could present a greater problem than soaring oil prices for the national economy because the average household spends three times as much for food as for gasoline. Food accounts for about 13 percent of household spending compared with about 4 percent for gas.

Add to it the insane number of Foreclosures and worse yet loans for small businesses drying up, its just too much to risk. 

Things could turn and fast, thus Inverse ETFs are another way of making money in a bear market. They also provide the psychological gratification of going up when the market underlying index is going dow. You can go with short which is supposed to go up 1% if the index goes down 1%. The Ultra Short ETFs are designed to go up 2% when the index goes down 1%. Here is a list of the Proshares short ETFs.