Rising Debt Spells ‘Warning!’ For This Bull Market

When oil was above $100, the price of a gasoline futures contract was about $3 per gallon. As recently as this summer, it was half that price. But it has now climbed to $1.80 a gallon. What happens when it climbs to $2 or $2.25 a gallon in step with rising oil prices and the economy?

It’s that much less money that Americans have to spend on all the other stuff that makes the economy move — and underpins the rise in stock prices.

So let’s say you’re concerned about that possibility. What can you do about it? Fortunately, there are exchange-traded funds (ETFs) that give you options. One possibility is the ProShares Short S&P 500 ETF (NYSE: SH).

Like just about anything with a bearish tint in recent quarters, it’s been a one-way ticket to lose money. That’s always the case — until it’s not.

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