Kung-Fu Hustle, Get Ready for the Pain (FXP)
The Chinese Economy is being blamed in part for the huge drop in equities yesterday. Lack of growth or just not hitting the numbers the Powers-that-be want for China is going to further hurt our U.S. stocks and kick the pants off Chinese stocks.
Your friend for the battle? That would be the ProShares UltraSh FTSE/Xinhua China 25 (NYSE:FXP) and a clip from the movie Kung-Fu Hustle.
Mastery Sponsors - Become one Today
(WallStNation.com) One fund dide quite well yesterday, that would be the ProShares UltraSh FTSE/Xinhua China 25 (NYSE:FXP) which ran up 7.6%. Playing the FXP is a way to bank coin as China catches the blame for the latest bearish swing.
Short China - ProShares UltraSh FTSE/Xinhua China 25 (NYSE:FXP)
Traders are worried that the slowdown in China is going to cause us all pain, Chinese equities are under severe pressure today and the selling is most likely to continue. If it does than the FXP is your weapon of choice.
ProShares UltraShort FTSE/Xinhua China 25 (the Fund) seeks daily investment results that correspond to twice the inverse daily performance of the FTSE/Xinhua China 25 Index (the Index). The Index consists of 25 of the largest and most liquid Chinese stocks listed on the Hong Kong Stock Exchange.
This free float-adjusted index caps the weight of any of constituent stock at 10% to ensure broad representation of the Chinese economy. The Fund takes positions in securities and/or financial instruments that, in combination, should have similar daily return characteristics as –200% of the daily return of the Index.
Now, enjoy the clip:
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Could Stocks Rise 20%-50% in the Next Six Months? | ZeroHedge
- Syrian Rebels Destroy Russian Helicopter With US-Supplied Anti-Tank Missile | ZeroHedge
- Market Recap Nov 25, 2015 | FundMyMutualFund
- President Obama Explains Why Americans Should Keep Calm & Spend Amid Global Terror Alert - Live Feed | ZeroHedge
- Crude Slides After API Reports Another Huge Inventory Build At Cushing | ZeroHedge
- Oil Bounce Extends After US Oil Rig Count Continues To Plunge | ZeroHedge
- The December Jobs Number May Really Be The "Most Important Ever" | ZeroHedge
The most relevant financial news and articles from the Internets
- Russia halting gas supplies to Ukraine | Business Insider
- The best way to cook a turkey is to grill it | Business Insider
- Washington university cancels classes over hate speech | Business Insider
- Celebrity chef David Chang: 'You know what's better than pumpkin pie? Any... | Business Insider
- These easy apple roses will blow away your friends and family this Thanksgiving | Business Insider
- 9 Gmail hacks that will supercharge your inbox | Business Insider
- Rosie O'Donnell relishes criminal role on Fox's... | Business Insider