I need Non-Correlated Assets

Whoo boy, what a day in the market, huh?  Tough for a long like me.  Yes, I am short ETFs, but they are inverse ETFs, so on a bummer of a day like this, I get slammed, and since they are leveraged, I really get slammed.  I did some trading to minimize the damage, but still some pretty steep losses.  

The concept was to have some funds that were not correlated with each other.  That is, I had a Russia, China, small caps, financials, biotech, oil and some others, so on other days, some were up and some were down.  Not today, everything got crushed, and my ETFs spiked.  Cost me a lot of money.

The point is, on a day like this, virtually everything is correlated.  So I either need to be more nimble, or buy some things that are inversely correlated, so that for sure I goes up while the other goes down.  I've tried that, and it works with these ETFs, but slowly.  I'll consider it again.

I sold a bunch of stuff, , including my $NUGT position.  Yyou can compare to a prior post to see the differences: The ETF Short List is a lot shorter tonight. I did keep the $UVXY, which got really hammered.  I saw it was the 11th highest spike in the $VIX since they have been keeping records.

	Close	Initial Short	Gain (Loss)	Percent
BIS	30.08	29.75	(0.33)	-1.1%
TZA	9.80	9.90	0.10	1.0%
VIXM	54.86	54.17	(0.69)	-1.3%
FAZ	11.76	11.26	(0.50)	-4.4%
UVXY	44.50	40.68	(3.82)	-9.4%