I'm Long and That's The Short Of It
When we see the market open on a news induced low like today, SDS is a good ETF day trade to keep in mind. What you are doing in essence is shorting the S&P 500 as a hedge against your daily losses (I'm doing GREAT today).
It's also a great one to hold as a hedge against a recession if you a long term investor; it's recent creation and history is interesting and is a good read. When the housing bubble popped, at the height of the recession in 2008 it reached upwards of $2,000.00
There are others that are great to hold entering recessions and times where you might want to hedge against interest rates as well. You might want to look into the Direxion Daily 20+ Yr Bear 3X (TMV), the ProShares Short 20+Year Trsry (TBF), and the ProShares UltraShort 20+ Year Trsy (TBT).
Good luck out there!
It's also a great one to hold as a hedge against a recession if you a long term investor; it's recent creation and history is interesting and is a good read. When the housing bubble popped, at the height of the recession in 2008 it reached upwards of $2,000.00
There are others that are great to hold entering recessions and times where you might want to hedge against interest rates as well. You might want to look into the Direxion Daily 20+ Yr Bear 3X (TMV), the ProShares Short 20+Year Trsry (TBF), and the ProShares UltraShort 20+ Year Trsy (TBT).
Good luck out there!
Penafian
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