April 22, 2008 - 09:29 AM

Dig DUG

With all the oil talk here, one might think the blog should be renamed The Slippery Slope of Hope.

One reader wrote me this morning about DUG, the double-inverse ETF based on the U.S. oil and gas index. What a gem this is! I bought some for my IRA account, since it seems a cool "straight equity" way to play any bearishness in oil (should it ever come........).