SKF

I bought some SKF (2x inverse financials) yesterday at $106.00.

Here's what the 3-month chart looks like:

There's still no good news in sight, so I see no reason for a continued rally in the financials or the rest of the market. (You never know though, because at some point here, probably early next year, people will become optimistic and start investing again. This may happen with Obama coming into power and people just generally thinking we must be near a bottom.)

I still expect more bad news in December and even just looking at the chart from a technical perspective, this trade looks like a good risk/reward trade. I mean, SKF went from $280 to $100 here in less than a month, so I think the odds of a bounce are good. I hope to sell around $140.