The 130/30 strategy involves looking for the weakest 30% of stocks, shorting them, and taking that money to invest in the other 70%. A fund that does this is 130% long, 30% short. This strategy is used by some hedge funds (Marketwatch article). For the little guy that want this kind of play, JFT is a new exchange traded fund. The caveat is that it is low volume, so spreads may be high and the expense ratio is 0.95% per year.
Elsewhere, the stock market fizzles again today. The stock market almanac indicates weakness for the rest of June, and July tends to be a poor month for bulls as well.
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