Tell me why this is a stupid move

I

iumba04

I am going to use all the equity in my account to short the consumer discretionary ETFs.

Reasoning :
Housing slump
Banks tightening
No more MEW
Spending has got to drop

Any other strategy for a small retail investor who has watched neighbors spend like crazy the last few years ?
 
Quote from iumba04:

I am going to use all the equity in my account to short the consumer discretionary ETFs.

Reasoning :
Housing slump
Banks tightening
No more MEW
Spending has got to drop

Any other strategy for a small retail investor who has watched neighbors spend like crazy the last few years ?
More...

your late to the game.
 
SINDEX

SINdex includes owners and operators of casinos and gaming facilities, producers of beer and malt liquors, distillers, vintners and producers of ...
 
Quote from SethArb:

I did not realize there was such an ETF !

next thing you know they will have a "vice" ETF

or do they already ?

:p
More...

Seth, they have an etf for everything now. It's pretty incredible. munebags beat me to the punch.

OP, you may want to do an option straddle instead of a straight short.
 
Not planning on straight short, def some option play. I still beleive that consumer spending is going to tank.

Thanks for the Sindex info, will investigate.

Just my gut...which has been pretty reliable these past two weeks as I have been long puts on S&P, Dollar and long calls on Yen, Sugar, and Euro.
 
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