How to Make Money When the Market Tanks


Yesterday morning I bet over 95% of my 401k savings into a 3x leveraged inverse ETF based on mid cap companies (UltraPro Short Mid Cap 400 – SMDD). And then I tweeted,

I Hope the Economy Tanks Because I Just Bought a 3x Leveraged Inverse ETF

Today the market dropped over 4% in its biggest percentage drop since February 2009. But I also open my portfolio to see this:

I hedged my long positions in equity and made off with a bit extra.

Now another funny picture. My blog post showed up in Google finance.