Buying QID - UltraShort QQQ ProShares (ETF)

What Does QID Do?

The investment seeks daily investment results, before fees and expenses, which correspond to the inverse of the daily performance of the NASDAQ-100 index. The fund normally invests 80% of assets to financial instruments with economic characteristics that should be inverse to those of the index. It may employ leveraged investment techniques in seeking its investment objective.

The Bulls: Mortgage Blood on the Books

There are trillions of mortgage dollars on the books of banks.  The credit crisis is growing and spreading to auto loans and credit cards.  This stock will not underperform anytime in the near future.

The Bears: Ride Out the Recession

Markets historically go up over the long-term.  Hence this will eventually underperform.