Short ETFs Soar on Monday 4.20.09

Monday, 4.20.09: Dow -290 (3.6%)@7841, Nas -65 (3.9%)@1608, SP500 -37 (4.3%)@832

Apparently fear moved back into the financial sector Monday after the BAC earnings report. All the leverage short funds showed monster one day gains.

Here are just some of the short ETFs gains for today:
FAZ +30.7% (financials)
TZA +15.3% (R2000)
EDZ +14.7% (Emerging mkts)
MWN +13.9% (Midcap)
ERY +13.6% (Energy)
DPK +13% (Developed mkts)
BGZ +12.4% (R1000)
TYP +8.6% (Technology)

The long funds saw corresponding losses, FAS -30%, TNA -15%, EDC -15.3%, etc..