UltraShort QQQ ProShares (ETF) (AMEX:QID)
Close end exchange traded fund
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Looks like more room for the market to go down. Chart is not looking good, no support, trend is down.
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heading the wrong way
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Bullish for now.
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The leverage in these along with rebalancing and management costs, plus the long-term upward trend in markets makes them poor performers over the long term. Easy red thumb points.
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Over diversification?
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following the leader
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Unless they go with QE3
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tmfeldrehed
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market ready to pull back.
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The market is headed back down to 1070.
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don't buy any ultrashort. they have sky high expense ratios and are guaranteed to lose whether the market moves up, fluctuates, or even move down while fluctuating. Ultrashort etfs are okay if you are a day trader, but they will definitely lose over the long term.
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Time to short most stocks and buy dividend stocks.
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Way too many uncertain factors to keep this market aloft. Flat unemployment, housing dipping, mortgage rates ticking up, Fed rates poised to climb...I think the low-hanging fruit has been plucked and the momentum has stalled. Maybe not a bubble, but a correction seems to be on the horizon.
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Bill Gross loading up on TIPS...Meredith Whitney warning of another crisis in housing and the undercapitalization of banks...Skyrocketing gold and oil prices from a year-over-year basis...Unemployment still going up...Commercial real estate bubble about to burst (witness CapMark bankruptcy case) -- assets are being fire sold and the secondary market is on the verge of freezing up again when the need to refinance commercial loans is high...All-in-all, I see DOW 8,000 and NASDAQ $1,600 in the next six months to a year.
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I wouldn't try this with *real* money!!
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I'm "all in" betting on a correction sometime over the next 2 Quarters.
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tmfeldrehed
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