BUY ProShares Short S&P 500 (SH)
Posted by intelledgement on Fri, 23 Sep 11
We are increasing our short position here as a hedge against the increased risk of a major sovereign debt default—or potentially a series of defaults—in Europe that could negatively impact international banks (in Europe, the Americas, and Asia) and lead to a credit freeze similar to the one we experienced in 2008. As we have in the past, we are going with the Proshares Short S&P 500 (SH) ETF, which “seeks daily investment results, before fees and expenses, that correspond to the inverse (opposite) of the daily performance of the S&P500® Index.”
Previous SH-related posts:
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 May 09)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 Jul 09)
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (6 May 10)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (21 May 10)
- BUY ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (25 May 10)
- SELL ProShares Short QQQ (PSQ), Short Dow30 (DOG), & Short S&P 500 (SH) (4 Nov 10)
- BUY ProShares Short S&P 500 (SH) (16 Jun 11)
- SELL ProShares Short S&P 500 (SH) (12 Aug 11)
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