How to play a "Red Alert"

I have received some emails asking how to play a "Red Alert". There are many different ways. I prefer to play ETF's and Leveraged ETF's because I don't have to be company specific. Some of my favorites are: FAZ (Triple-short the financials), DXD (Double-short the DJIA), SDS (Double-short the S&P500). These instruments should be used for short-term trading and not long-term positions because they move differently than expected. We can discuss later....btw- I am not shorting..just stepping aside.