The FXP gets the job done

Back on Aug 2nd the Masters wrote - Profit from the fall of China's stocks: The FXP talking up the UltraShort FTSE/Xinhua China 25 ProShares (AMEX:FXP). Since that time the FXP has moved up 30%.  Mastery in Full Effect with a Bruce Leek kick to the Man.

Yet another reason to pony up the $9 for a 12 issue subscription to Master Picks Newsletter.

But back to the FXP, today is up 7% while the market craps itself:

Shanghai stocks have plunged more than 50 percent in the past year, the poorest performing equities market in a major economy, as Chinese shares have been hurt by disappointing earnings results among other factors.

Markets were briefly buoyed late last month when JP Morgan's chief China economist Frank Gong said in a report the Chinese leadership was considering a major economic fiscal and monetary stimulus package, but there has been no official confirmation of the plan.

So how long can the slide continue?

Tough call, but with the gloom and doom outlook on everything, why not bank a little coin until the uptrend starts up again?