There are great wealth-creating opportunities in today’s miserable markets, says Andrew Snyder. Take oil, for example. The black goo is on a slippery slope towards $50 a barrel, and no OPEC production cuts are going to stop this in the short term. Andrew says the UltraShort Oil and Gas ProShares ETF (AMEX:DUG) is the best way to profit from the oil industry’s downturn.

Recession is on the way, but don’t join the stampede out of the market. There are still ways to beat the bear. Martin Denholm has a simple five-point investment plan to profit in this downturn. 1) Go short. 2) Buy put options. 3) Sell call options. 4) Use bearish mutual Funds. 5) Buy reverse ETFs on vulnerable sectors.

Andrew Snyder says a rapidly unraveling economy means crude oil prices have further to fall. He recommends investing in the UltraShort Oil & Gas ProShares ETF (AMEX:DUG).

We’re frankly sick of trying to work out who or what is responsible for high crude oil prices. Whether it’s supply-and-demand imbalance in the markets, as Dave Gonigam argues, or nasty speculators artificially inflating prices, as Andrew Gordan says, we don’t know.

What we can say is that oil is still sky high at $139 a barrel.

Shock Market Trader editor Mike Burnick says there could be a painful correction around the corner. If there is, there’s one sub-sector of the energy industry that would actually benefit big time from such an oil correction: refiners…

After a long search yesterday, your editor in chief found the No. 1 way to lose money in stocks right now: betting against oil. The past few years have seen the rise of ETFs that allow speculators to make bets against sectors like energy, technology, and financials.