October 23, 2012 at 11:01 AM EDT
Active Bear, Short ETFs Dine on Dow’s 240-Point Slide
ETFs designed to bet against stocks rallied Tuesday as the Dow Jones Industrial Average plunged over 200 points on weak third-quarter earnings and enduring fears over Europe’s debt crisis. For example, ProShares Short S&P 500 (NYSEArca: SH) was up nearly 2% in late-morning trading. The inverse...
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