Jim Hawthorne

Shorting the Double Dip

Thanks for the article! I notice you don't advocate diving into the Ultra-ETF's in your recommendations (SMN FAZ QID SRS EDZ TZA, %etc.) Granted these are indeed risky, but they carry much less risk profile than naked puts of SPY!

With earnings season upon us, there is growing pessimism in the marketplace that a repeat of July is possible. As the Financial Times recently noted, the breadth of collapsed earnings is deep and pervasive; especially in the materials sector. The "wall of worry" may well be about to give way to the "slope of hope"!

If we do indeed enter a correction, there is a long way down before the S&P500 finds strong support at around 940! Whatever the outcome, the 'easy' money has already been made!