The DOG is man's best friend

The Dow Jones Industrial Average is down 11% in the past 3 months, and guess who's up by the same percentage?  The Short Dow30 ProShares (Public, AMEX:DOG) playing the inverse trend and as the chart shows, the DOG is man's best friend.  Today's rally is tempting that you don't want to short the market, but this plan by the Fed has yet to be tested, and the underlying problems are still present.

Lame article title I know, but the DOG isn't to be underestimated during this turbulent time.  With everyone debating about stagflation, recession, oil and gold prices, credit crunch, so on and so on... the U.S. economy needs help.

Today the Federal Reserve and other central banks teamed up to get hundreds of billions in fresh funds to cash-starved credit markets, allowing financial firms to use home mortgages as collateral.  The Market is on fire and it's nice to see an up day, but can it really last?

The stock market is behaving like a psycho-ex-girl/boy friend right now, any bad or good news sends it flying off the handle, breaking crap around the house and setting your best shirt on fire. 

Where is the rational investor in this mess? 

Stuck dealing with a crying ex talking about how they'll never do it again and they promise to change, this time is the last time. 

Sure it is Mr. Market.

The DOG is still your best friend these days, so wait for this rally to end and pick up a few shares of DOG by Friday.

Disclaimer: The Author has no positions in DOG.