high yield

belief much of US economy is "smoke and mirrors"

using it as a hedge fund

No-load bear fund - does OK in bull markets, too.

The Play: "The Prudent Bear Fund" (BEARX)

The Thinking: A rate hike likely shaves off 75+ points, if not more. Thus, what better place to be than "The Prudent Bear Fund", the supposed best "short-only" mutual fund around (according to Morningstar). Take note of management's long track record, as well as the beneficial "redemption fee" set-up (which allows you to get in and out with minimal damange, as long as you stay in for at least 1 month)

Minimum Investment: $2,000
Expense Ratio: 1.77%
Load: None
Redemption Fees:
- First 30 Days: 1%
- > 30 Days: 0%