Not Buying It: Five More Inverse ETFs to Consider Now

We don't want to be the bearer of bad news, but the reality is we've been down this road before. You know, a false rally at the hands of what appears to be good news out of Europe only to see that news turn sour in a matter of days. So forgive us if we're not partying like it's 1999 just because stocks are higher to start the week. There's very little, if anything at all, that says the market is in a for a prolonged rally from here. With the path of least resistance being down, we're following up our list from last week on five inverse ETFs to consider post-haste with five more bearish ETFs that merit consideration not tomorrow, but right now. Direxion Daily Real Estate 3X Bear Shares DRV: If you're looking for a cheaper way to short financials than with the bloated price tags of the ProShares UltraShort Financials SKF or the Direxion Daily Financial 3X Bear Shares FAZ, try DRV on for size. The ETF currently resides just over $14, but was over $20 just a month ago. Knowing that REITs aren't immune from the hurt traders are putting on bank stocks makes DRV all the more appealing. ProShares UltraShort Oil & Gas DUG: DUG is struggling a bit today as energy stocks seem to be putting in a dead-cat bounce of sorts, but if this inverse play manages a few closes above $41, it's in rally mode. This is a great play for active traders and those that are holding oil stocks for the long-term looking for a temporary portfolio hedge. PowerShares DB Gold Double Short ETN DZZ: Something is clearly wrong with gold here. That's not a prediction that the long-term bullish trend is going to change. The Professor does not believe that, but gold has been punished ruthlessly over the past week. Why not hedge long-term gold positions with an insurance policy that costs less than $5.50 a share? Direxion Daily Gold Miners 2X Bear Shares DUST: The Direxion Daily Gold Miners 2X Bear Shares has only recently started to generate some fanfare as more pundits and experts have started extolling bullish views on gold miners. For better or worse, miners have been moving with the metals and that means DUST is the best near-term play on gold miners. PowerShares DB Base Metals Short ETN BOS: With global economic growth fears rising by the day, being long industrial metals is almost like a death wish. There is simply no good reason to be long copper and related fare right now. BOS helps investors take the bearish side of the base metals trade without having to short futures contracts. Buy above $22.