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Is there an ETF that shorts the market I.E. makes money when the market goes down, like the Rydex Ursa fund?


Is there an ETF that shorts the market I.E. makes money when the market goes down, like the Rydex Ursa fund?

Yes. They are coming out in a couple of weeks. Use MarketWatch.com and set up an alert.
Plus, there are many a bear fund already out there.
But, if you are so confident, you should do it yourself through the use of put options. It is easier and will make you a lot more money.
Buy "at the money" puts for january 2007 on GOOG, GM, AAPL
Find stock charts and option chains at...

short:
NASDAQ (PSQ)
S&P 500 (SH)
MidCap 400 (MYY)
DOW (DOG)

ultrashort:
NASDAQ (QID)
S&P 500 (SDS)
MidCap 400 (MZZ)
DOW (DXD) Report It

Most all of the ETFs have put options for sale. Say you think the Japanese market is going down simply buy a EWJ put and if you are right the put will increase in value. You can also make a short sale of an ETF, but this requires a margin account.

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