I wish this post doesn’t make me appear to be as a cheerleader for the bad news, quite contrary, I am not. I believe in good, I always try to find the positives in any adverse situations, and my glass is always half full.
About 2 weeks before that Frenchy dropped the Financial bomb, and that caused the panic selling around the global equity markets, a trader friend of mine already painted a bleak picture; a devastating plunge in US equity indices. Well, it happened, and the scary part is that we are not done yet! In the immediate future, we could see at least another 1,000 point drop in Dow Jones Industrial Average, which is currently at 12,552.24 after closed up 178.83 for today.
Well, I am not a financial planner, and I am not qualified to give any financial advices. But if you want to know what financial vehicles that will increase in value during the down market, because they have the inverse relationships (short) with their counterparts. Here is the list. I don’t mean to alarm you, and maybe I am totally wrong about the impending doom. I also heard that the market could bottom out by mid March, and I guess that is the bright side.
Here is a simple list;
DOG (Dow 30) 62.80
SH (S&P 500), 65.22
PSQ (QQQQ), 61.68
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