In cyberspace, I am best known as the winner of the Zacks $100,000 Challenge 2007. In meatspace, I am best known as J.J. McGrath, an editor and writer based in The Town So Nice They Named It Twice. Blog: J.J.'s Risky Business
I believe there is a high probability the change in U.S. real gross domestic product to be reported tomorrow will be less than the consensus forecast …more
I believe there is a high probability the change in U.S. real gross domestic product to be reported tomorrow will be less than the consensus forecast figure of 3.1%, and I think there is an intermediate probability it will even be less than the consensus forecast range between 2.7% and 3.6%, so this long position in the ProShares UltraShort Financials (SKF) exchange-traded fund could do comparatively well, sooner or later.
I believe there is a high probability the change in U.S. real gross domestic product to be reported tomorrow will be less than the consensus forecast figure of 3.1%, and I think there is an intermediate probability it will even be less than the consensus forecast range between 2.7% and 3.6%, so this bearish position in the ProShares UltraPro S&P500 (UPRO) exchange-traded fund could do comparatively well, sooner or later.
I believe there is a high probability the change in U.S. real gross domestic product to be reported tomorrow will be less than the consensus figure of 3.1%, and I think there is an intermediate probability it will even be less than the consensus range between 2.7% and 3.6%, so this bearish position in the Direxion Daily Financial Bull 3x Shares (FAS) exchange-traded fund could do comparatively well, sooner or later.
Fundamental, sentiment, and technical analyses all indicate there is a significant risk of either a consolidation or a correction in the large-capitalization area of the U.S. equity market at this time, so a short position in the ProShares Ultra S&P500 (SSO) exchange-traded fund may soon be nicely profitable. (Amazingly, I wrote these words one year ago today, and they appear more apt now than they seemed then. Of course, the anticipated event did not begin until Feb 18, 2011.)
With the quadruple-witching event now concluded, I believe the Credit Suisse Group (CS) may be close to resuming its long-term downtrend, partially due to reasons I discuss on J.J.'s Risky Business blog this weekend.
I believe the ProShares Ultra Financials (UYG) exchange-traded fund may be in for a rough time, partially due to reasons I discuss on J.J.'s Risky Business blog this week.
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