My favorite Elton John song:
It's gotten way too negative in emerging markets, especially Brazil (where stock prices have descended past the gates of Hades). RYWVX (Rydex 2x Emerging markets) actually closed this morning's 1030 window off yet another -1.49% to 49.54, despite a slight rise in EEM at the time. Shanghai? I'm willing to buy at the second -30% off sale this month.
Packing my bags for another trip on RYWVX at today's close. Adding a little RYPMX (Rydex Precious Metals) into the fuel mix.
Adding positions in CAF (China 'A' Shares) + EWZ (Brazil) + PBR (Petrobras) + ABX (Barrick Gold) near the close.