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
- Perfect Palo Alto | ZeroHedge
- ALL SINNERS WILL BE PURIFIED | iBankCoin.com
- "Buy The Dip" In Gold; BofAML Says EURUSD Bounces Should Be Sold | ZeroHedge
- The Stunning Difference Between Unionized And Non-Unionized Wages | ZeroHedge
- On Money and Society: An Exclusive Interview With Steve Baker MP | Financial Sense
- Utilities Leading the Market Higher | Financial Sense
- Greek Deposit Outflows Soar In Run-Up To Syriza Victory | ZeroHedge
The most relevant financial news and articles from the Internets
- WWE RAW Cancelled Due To Looming Snowstorm | Business Insider
- Netflix Dominated At The SAG Awards | Business Insider
- Small-Cap Stocks Have 2 Key Advantages Over Large-Cap Stocks Right Now | Business Insider
- This Incredible Video Shows How Wifi Is Installed In Jumbo Jets | Business Insider
- Here's Why Etsy, The E-Commerce Company That Could IPO This Quarter, Loves Being... | Business Insider
- Obama ramps up pressure on Russia after deadly Ukraine... | Business Insider
- Look At All The Huge Stock Market Rallies That Happened During The Great Depression (DIA) | Business Insider