Originally Posted By: VeeDubb
Well, there are many ways to skin a cat and his strategy is certainly one of them. Another way is to buy bear ETFs rather than your standard equities. For instance, if you would have bought SKF on Monday at $97, on Friday you could have sold it for nearly $113. Recessions are very easy to predict.....a [censored] of a lot easier than predicting what individual stocks will do. From August to December, there were plenty of warning signs about the impending recession so buying these inverse ETFs were your slam dunk for this last quarter.
I'm in Prudent Bear as of late December; already up over 5% YTD for 08.
Well, there are many ways to skin a cat and his strategy is certainly one of them. Another way is to buy bear ETFs rather than your standard equities. For instance, if you would have bought SKF on Monday at $97, on Friday you could have sold it for nearly $113. Recessions are very easy to predict.....a [censored] of a lot easier than predicting what individual stocks will do. From August to December, there were plenty of warning signs about the impending recession so buying these inverse ETFs were your slam dunk for this last quarter.
I'm in Prudent Bear as of late December; already up over 5% YTD for 08.
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