Although this is the Penny Stock Marketplace, we consider ourselves an equal opportunity blog. I do feel the need to display the 
symbol to warn the die-hard penny pickers that this post is somewhat outside the microcap universe.
Gearing up for a market correction includes placing stop losses, closing out of certain (or uncertain) trades, and taking a little cash off the table. A second look at some of the Proshares Ultra Short ETFs is also worth the effort.
These inverse Exchange Traded Funds can be bought and sold just like any stock and don’t require margin accounts. The only difference here is that an inverse ETF’s share price goes up when the market goes down. Time this right and you will be cheering for the bears while the bulls run for cover. Many of the short ETFs have rather anemic volume but the small list below includes the exceptions:
QID - Ultrashort QQQ
DXD - Ultrashort Dow30
SDS - Ultrashort S&P500
MZZ - Ultrashort MidCap400
and someday when the time is right…
All of these funds provide the opportunity to cash in on the way down at twice the speed of a “run of the mill” index fund. Just remember that when the line on the chart goes up, the market is going down.
I guess Caridee isn’t so dumb after all.