ProShares UltraShort FTSE China 50 (FXP)

[EquityTrader]

From my post at the SKF...(Ultrashort Financials) - which had a KILLER DAY.

Kill the autos...they don't know how to run a business. Yes, I feel sorry for all the people who will lose jobs, but they've been overpaid for so long.

Remember this:
The German automaker then known as Daimler-Benz paid $37 billion for the U.S. automaker in 1998, but it soon found itself weighed down by uncompetitive labor costs and lost sales to nimbler Japanese rivals.

DaimlerChrysler (Charts) announced it will sell an 80 percent stake in its U.S. brand to Cerberus Capital Management, a private equity investment firm that will pay $7.4 billion.

So, Daimler lost $30 BILLION...more than what the autos are asking for. Let them fail...just like the airlines, there will be another Southwest who will come in and do business better (and for less).

Cashed out of SKF at the close (tripped my sell order)...made 100%!!! I'm going to buy FXP (UltraShort China) - which is low priced and can have a heck of a run from here.

http://pub18.bravenet.com/forum/1532764112