SNAS – ETFS Ultra Short NASDAQ 100 Hedge Fund
this is a leveraged short position ETF ( reverse index ) , pure ‘hot potato ‘ stuff ( and bad in this move could burn straight down to the floorboards )
i think the NASDAQ 100 is very over-valued ( along with some prominent stock-market bears )
the strategy here will be looking for a quick profit ( say 10% to 20% ) and swap it for a different selection , maybe even with January
i do NOT hold this ETF