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The bear case is beginning to take hold in the market. Investors aren't going crazy, but people are beginning to seriously worry about the sputtering economy. Stocks will probably take a bit of a hit in the next couple weeks. While I can't say shorting anything over a long period of time is a prudent choice right now, I do think that some inflated stocks will get hit a lot harder than the broader market. If you feel we're going down for a bit, these are three no-brainers to short over the next few weeks:

Under Armour (NYSE:UA): Not a terrible company, but has benefitted from a lot of hype and has a forward P/E of 31. Nervous investors are going to sell hype stories bigtime if the current economic trend continues. In addition, Under Armour sells very expensive athletic apparel, and it's a very easy choice for pinched consumers to buy, say, a pair of Russell Athletic baseball socks for $4 in a pack of two rather than one pair of Under Armour socks for $10. In addition, its relative lack of global diversification makes it far more risky than an established multinational.

Lululemon Athletica (NASDAQ:LULU): Be careful here. Many skeptics have expected this to fall for several quarters, but it has remained fairly strong. If this proves to be a simple transitory patch of soft economic data, Lulu will most likely continue on its hype and growth driven path. For now, however, nervous hedge funds and individuals will be selling Lulu and be moving into safe havens. The hype story will go to sleep as the market starts to panic.

Priceline (NASDAQ:PCLN): Very few people are going to be traveling if the economy continues its downward trajectory. Already-pinched consumers will be driving more to cut out airfare and car rentals. Its high P/E ratio also makes it the anti-safe haven. In addition, with high expectations coming up in their near earnings release, a miss could send this thing plummeting.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 3 Stocks to Consider Shorting for Income in a Down Market