“I’m not wildly bearish, but I don’t want to have a lot of risk at this point. I just want to have less exposure at a time like this.
The economic numbers are very disappointing. Maybe the politicians respond. I’m worried that we could have not just a soft patch but a double dip which lasts two or three quarters and where nominal GDP is only up 2 or 3 percent, and that’ll have a big effect on profits. I’m afraid the market goes down another 10 or 15 percent if that happens.”
Barton Biggs, Bloomberg
Related ETFs: SPDR S&P 500 ETF (Public, NYSE:SPY), ProShares UltraShort S&P500 (ETF) (Public, NYSE:SDS), ProShares UltraShort QQQ (ETF) (Public, NYSE:QID), Technology SPDR (ETF) (Public, NYSE:XLK)
No comments:
Post a Comment