The QID, DOG, and SKF: Rinse, Lather, Repeat

Just as most of us thought, the Fed band-aid couldn't extend to a 3 day rally, back we fall.  Days like these are the time to buy before the drop continues or at least have a small position to help balance your wonderful stocks.  Let's review class.

Best against the DOW, use Short Dow30 ProShares (Public, AMEX:DOG), check out -- The DOG is man's best friend.

The banking industry is such a joke right now, again, UltraShort Financials ProShares (AMEX:SKF), detail found at --Down the Banks Go (BAC, WM, C) - Hello SKF.

Tech is a bit stronger, so the UltraShort QQQ ProShares (ETF)  (Public, AMEX:QID) would be my last choice.  That detail can be found at -- Gold and Shorts: Mastery for a Bear Market.

Just like clockwork, stocks are trading back near their lows after a failed recovery attempt.  All ten sectors are posting a loss of at least 1%. 

Credit concerns continue to weigh on the market due to reports that a Carlyle Group fund admitted it is close to collapse.  Also, February retail sales were weaker than expected.

Financials are posting a steep 3.0% decline.  On top of the Carlyle reports, Treasury Secretary Paulson said financial institutions must raise capital and revisit.

Hedge your bets Masters, and don't let it get you down.