i've been quiet on this blog for almost 2 weeks, as i have been busy putting money into two funds, which seek leveraged returns inverse to the daily movement of the dow jones and emerging market stock indexes. in other words, if the market goes up, i lose money. if the market goes down, i make money. leveraged returns means that for 1 dollar invested, the fund will invest 1 dollar, and borrow 1 dollar which it also invests. this magnifies gains or losses, and my choice reflects my
strong belief that share prices will be going much lower than where they are now.
you can follow their development here:
ProFunds UltraShort Dow 30 and
ProFunds UltraShort Emerging Markets.
meanwhile, an excellent opinion piece is published in
forbes magazine by nouriel roubini, pretty much a checklist of the forces that will drive the markets down deeper.
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