No no no.
SDS (or maybe better yet OTM Jan SPY puts) is fine, but just say no to UCO (or USO for that matter.)
The debt load has likely decreased due to increasing defaults.
Why has no one advanced the view that the “credit crunch” is, in great measure, quite rational?
That certainly looks like a fine call. We may be easing into a currency crisis here (quantitatively speaking.)
