Rather miss a potential 8% bear market rally with a decent risk/reward setup than join the 'dumb money', go long for a trade and be forced to exit at a loss, right? Last time I checked the money made/lost from un/-profitable short and long positions has the same net effect on my account.
FXI should really benefit if this is the case as China is hit the most by high oil. EWZ will take a hit though as Brazil benefits from high oil. Then again it depenmds on why oil is dropping, if it is due to the speculators/Iranian premium then china should do well, but if oil is falling because of decreased gloabal actrivbity the China may not do well either. Interesting that the FXI hasn't seen much of a boost from oils fall the last few sessions, still time to get in if that is your thesis.
Yep, as the FXE (Euro) trades down to the 40 day MA. Continental Airlines (CAL) has been the biggest trading machine today by far! Unreal.