Ultra Financials ProShares (UYG)
Exchange traded fund
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financials must come back before anything else does.
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ProShares Ultra Financials seeks daily investment results, before fees and expenses, that correspond to twice (200%) the daily performance of the Dow Jones U.S. Financials Index.
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A low cost fin. ETF. Plus, financials usually lead the market up ... and they have a way to go!
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for the most part the financial sector has contracted and therefore only the ones that made sound decisions will be left standing. so, why not profit from it? this is a good way to do that.
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Nowhere to go but up. Without the financials we have no economy and if we have no economy do any of us care what I write here?
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Ultra-shorts and Ultra-pros are all bad investments due to daily rebalancing
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You gotta buy low sell high. I can't imagine a better time to buy low on financials.
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This ETF has heavy shares of all the Financial stocks who hit the bricks (in late '08) yet survived and as they improve, so will this fund
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Financial recovery is in sight.
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When the overly optimistic FOMC says that household spending will be "constrained" by sluggish income growth, ongoing job losses, lower household wealth, and tight credit AND Shanghai stocks hit a seven-week low, then you know this bear market rally is finally over!
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QUICK! Pick a reason to exit a market that has risen too fast and gotten too expensive. Here are three to choose from: buying power is getting exhausted according to DeMark indicators; daily sentiment indicators are 88% bullish; RSI’s and oscillators are over extended.
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The banks got the most strong beat in the market and will come back close to the price they were in the past.
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money people will always find ways of making more. Probably a few more set backs but overall this a decent pick in for the next year or so.
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WHEN YOU AT THE END OF YOUR ROPE, DO THE ROPE A DOPE AND CLIMB UP.
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like the holdings
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Banks have fallen about as far as they will. They will recover, just like they did in the 80's. And when they do this ETF is a prime candidate to help reap the profits in the upswing.
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banking industry wont be a dog forever, it will rebound. This will magnify rebound.

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