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Wednesday, February 1, 2012

Want to SHORT #Consumer Goods? There's an #ETF for that


Definition of 'Consumer Goods' From INVESTOPEDIA

Products that are purchased for consumption by the average consumer. Alternatively called final goods, consumer goods are the end result of production and manufacturing and are what a consumer will see on the store shelf. Clothing, food, automobiles and jewelry are all examples of consumer goods. Basic materials such as copper are not considered consumer goods because they must be transformed into usable products.

Investopedia explains 'Consumer Goods'
The measurement of consumer goods sales is important in the assessment of gross domestic product and in determining the health of the overall economy. Demand for consumer goods indicates whether consumers are willing to part with cash. Items are only counted as consumer goods once - if they are resold, they will not be included in economic calculations.

So you thought 2008 might be a good time to actually short consumer goods right? Weren't we "on the brink"? The economy & the consumer were both considered dead meat were they not?

Well there's an ETF for that..

SZK ProShares UltraShort Consumer Goods (ETF)

Looks as though the American consumer has never been in better shape!

Are we sick of these financial elite bastard liars stealing our money yet?


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