This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"The great stock pick for 2009 is not a stock -- it is a high risk, extremely volatile ETF," says short-selling expert Michael Shulman, whose work is designed for sophisticated investors.
In his ChangeWave Shorts advisory, he explains, "The Proshares UltraShort Financials (NYSE: SKF) is an inverse double ETF; in other words it moves twice as much -- and in the opposite direction -- from the Dow Jones Financial Index."
The advisor explains, "When the Dow Jones Financial Index goes down 1%, this ETF goes up 2%. High risk, high reward, very high volatility.
"The range in 2008 was $87-$304. You have been warned -- but please, keep reading, because even if you don't buy this ETF, consider my suggestion a warning not to buy financial stocks in 2009.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
