How can you profit from financial markets when the market is down?|||Stay away from Financial stocks (Citigroup, Lehman, Morgan Stanley, Merrill, but not Goldman Sachs), short them if you see any rally. There is more room for the market to go down down down.
Go long (buy) on hard and soft commodities (metals --gold, silver, platinum, etc; oil, wheat, corn, soybean, sugar,. Coffee is one commodity that is yet to catch up with all the other skyrocketing commodities). Look for ETFs (exchage traded funds) for these commodities (e.g. GDX for gold minres, SLV for silver, GLD for gold, and USO for oil).
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