I have been looking into both Rydex and ProFunds. Both ETF’s and funds. I also checked on where they were both actually invested. It appears, that Rydex, even though they say they are shorting the DOW are actuall shorting Fannie Mae and other financials – not the DOw 30 like they first intended.
ProFund UWPIX actually shorts the DOW 30 and others. It is a lot cheaper but expensive to buy into – $15,000 min. albeit, you get 750 shares @ 20.49. How far can it go? It’s been up to $68 in past performance.
I believe the DOW has further to drop than the Nasdaq – so I am looking to put more money into shorting the DOW than the Nasdaq. THe QQQQ has only moved 5 digits in the past year, so it might be a good short for a small move, but the DOW will have a bigger swing.
I notice the RYVNX OTC is up today. At 18 bucks, I’m thinking of buying it as well. Although, I’m not jumping in until closer to the election and see what the FED is up to today.
I think the DOW will be moving up or sideways unitl 11/6. George Bushed is out bragging about the economy along with his friends at FOX all this week and probably next.
