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What is the best way to play a rebound in the subprime mortgage / financial services space?

For those looking to make money on the ongoing panic in the financial services area, what is the best vehicle (ETF, mutual fund, equity, or bond) to play a rebound in this sector on the long side? Your ideas, please.


Indeed they stuffing has been knocked out of the financial sector. I am not sure what the best way to play it is. Here are a couple of ideas for you to consider.

ACAS and CSE are two options.