In late 2008 we put together a list of Bullish Obama inspired ETFs, only one has had a negative performance, that would be the ProShares UltraShort Oil & Gas (ETF) (NYSE:DUG) at -82% all the other ETFs since Nov 28th, 2008 have increased from 35% to 75%, the winner being the ProShares Ultra Financials (ETF) (NYSE:UYG).
Thanks to BP (NYSE:BP) and falling oil prices, the oil & gas stocks have been under pressure as the ProShares UltraShort Oil & Gas (ETF) (NYSE:DUG) has gained 26% in the last month and the ProShares Ultra Oil & Gas (ETF) (NYSE:DIG) has fallen 23%. Why pick individual oil stocks when you can bet on a ETF that contains the best in the sector.
Oil rose above $50 a barrel today as as Kuwait and Qatar indicated they will implement supply cuts announced by OPEC last month. Then there's that whole thing about Russia cutting natural gas shipments to Europe.