May 31, 2011

We’re On The Tipping Point Of A Market Correction

Until two weeks ago I’d say markets were shrugging off all these concerns, saying they don’t matter because they were believing the global economic recovery was on track. But I think right now we’re on the tipping point of a market correction. - in Bloomberg

Tickers: ProShares UltraShort S&P500 (ETF) (SDS), SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index (ETF) (IWM), ProShares UltraShort QQQ (ETF) (QID), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Indx (ETF) (EEM), iShares MSCI Brazil Index (ETF) (EWZ), Energy Select Sector SPDR (ETF) (XLE) Financial Select Sector SPDR (ETF) (XLF), iPath S&P 500 VIX Short-Term Futures ETN (VXX)