The ETF that is Working Today: SKF

The SKF - ProShares UltraShort Financials (NYSE:SKF)

The U.S. Financials are getting killed today, that's good news for the ProShares UltraShort Financials (NYSE:SKF) which is up 5.4%.

Bet Against the Big Banks with the SKF

ProShares-Logo.JPG

Congress is kicking ass and taking names, its as if Colonel John Matrix is bringing the pain on the big banks for stealing his daughter. Only this time Matrix is waging his personal war at Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC) and many more. Thus, if Matrix could be represented by one rogue security, it would have to be the ProShares UltraShort Financials (ETF) (NYSE:SKF).

Classic Bear ETFs Hit New 52-week lows (SKF, QID, DOG)

Bear Market

The ProShares UltraShort QQQ (ETF) (NYSE:QID) and ProShares Short Dow30 (ETF) (NYSE:DOG) both hit new 52-week lows today and the coveted ProShares UltraShort Financials (ETF) (NYSE:SKF) came within 16 cents of reaching a new bottom.  While the major indexes charge higher, the inverse bearish ETFs are touching new lows which is cause for speculation.

ProShares UltraShort Financials Hits New 52-week Low

The SKF - ProShares UltraShort Financials (NYSE:SKF)

The controversial ProShares UltraShort Financials (NYSE:SKF) got down to $84.69 today, a new 52-week low for the ETF, far from the high of $302, so is now the time to buy?

Banks Want TARP 2 Implemented

Money Picture Dollar Bills

Toxic Assests, how do we get the bad assets off of U.S. Bank Balance sheets?  TARP 2 here we come.

BofA and Citigroup the real 'Bad Banks'

Bear Market

'Bad Bank' hopes and dreams can't escape the reality of investing in U.S. Financials, after a big run yesterday the gains are being erased today with BofA (NYSE:BAC) and Citigroup (NYSE:C) leading the plunge.

Horrible Market yet ProShares UltraShort Financials up 24% in 5 Days

Money Picture Dollar Bills

Like it or not, the Prohares UltraShort Financials (ETF)(NYSE:SKF) has moved up $27 since last Thursday, as the U.S. Financials get killed the SKF benefits greatly.

Bank of America Shareholder Blues

Bank of America (NYSE:BAC)

Think you bought Bank of America (NYSE:BAC) shares at the bottom?  Think again, the 5 day loss for BofA shares is at 20% and today they fell 12% thanks to Citigroup Inc analyst Keith Horowitz.

The Final Hour of Trading these Days

Stocks Fall - Bear Market

Today the Dow is up 1%+ but the real story comes at the end of the trading day, the final hour of trading has been washing away gains and our portfolios just when we think everything is getting better - the Joy of Leveraged ETFs.

Why Short Sector ETFs Aren't So Smart

Investing Ideas (2)

Great article on theStreet.com by Eric Oberg - Given that the double-levered long-side ProShares Ultra Real Estate ETF (URE) was down nearly 80%, one would expect its complement (the ProShares UltraShort Real Estate ETF (SRS)) to be up 80% instead of losing nearly half of its value, given they are based on the exact same index, right?

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