UltraShort Financials ProShares (SKF)

ProShares Short Financials seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index.

From ~$80 to $240 in less than a year then down to $24 in the following 7 months, this ETF is all over the map...However; since the dollar's declining, Washington's printing money and spending our grandkid's future income taxes like a drunken sailor, the Banks can hide the truth about bad Real Estate loan exposure for only so long (not to mention the next round of impending foreclosures in Jan), I believe this puppy has only one way to go; I'm expecting it to double before March.

After the recent runup in financial stocks, I'm shorting them now with a buy on the ETF financial short SKF. A review of third quater earning reports reveal that banks made most of their gains from stock and bond trading, not financing loans, etc. It's likely that trading profits will fall off the next few quarters.

Financials increasingly lose money on bad loans and debt in Depression

Looking for a short-term correction in banks.

People have gone too optimistic and ahead of the economic fundamentals...and inflation is not yet happening. So I believe all the money in the stock market will shift back to bonds and treasuries.

time to rethink the financila rally...a little too far..?

I think this rally has run its course so I'm going long the ultrashort shares

Double dip recession coming up, financials have shot up way too far way to fast.

bullish

minus fifty today.

Obama is the worst President ever. He will bankrupt our country and send us into a massive depression. His policies are worse than FDRs. Nationalized Healthcare is a fool's dream.

bank write-offs to balloon

SKF has a too low valuation compared to the weakness of bank stocks, like BCS, DB, UBS, C, or CS, or insurance stocks like HIG, ING or PRU. As this position uses a double leverage, it could be closed within one week.

Market is pointing down for now so I believe this is a short term play only.

Based on my call that the rally is going to see a pull-back over the next few weeks I am giving all Bear ETFs a thumbs up and all Bull ETFs a thumbs down in the short run. I am only invested in a small sampling of these bear ETFs but in order to raise my CAPS score I entered several here.

If you have a problem of too much debt, the solution should involve neither the government nor more debt. Since the "solution" involves a lot of both all my experiences tell me this leads to disaster. So... short the banks! The only question is when...

good entry price

This is my first Bearish pick during the big rally...based on the big gains in the market today, 5/4/09, I am expecting a bit of a pullback...so this will be a winner should the market reverse itself in the next couple of days. Sets new 52 week lows on one day and reverses the next...of course I could be wrong and the market could continue its climb...I can afford to wait and see.