Saturday, January 03, 2009

 

ProShares Ultra Financials

In case you have been living in a cave for the past 5 years the newest and best way to invest in the stock market are called Exchange Traded Funds (ETF). Please educate yourselves. Anyway, if you are looking to bottom fish on the financial because the credit crunch is easing up then take a look at the ProShares Ultra Financials (UYG). They have gotten the hell beaten out of them as you would expect from an ETF which is supposed to be ultra long the financial stocks but they will stars when the banks start to turn around. Just be sure not to jump in all at once. Ease in over the next couple of years.

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