ProShares UltraShort 20+ Year Treasury (NYSE: TBT): How to Capitalize on a Bond Fallout in the Next 6 Months

I'm not a fan of the Federal Reserve, and I don't like the role it plays in the free market. Of course, I don't expect the Fed to go away anytime soon, and that reality is something we all have to adjust to. That said, what I am a fan of is smart traders taking advantage of the conditions in the market created in large part by the central bank's manipulation of the money supply and interest rates.
On Wednesday, new Fed Chair Janet Yellen flexed her policymaking muscles atop the Federal Open Market Committee (FOMC), and the result was an interesting reaction in the markets.

First off, the Fed acted as expected and continued the "taper" of its bond buying program. The Fed trimmed its asset purchases by $10 billion per month to $55 billion. Unexpectedly, however, the Fed actually dropped its previous threshold of a 6.5% unemployment rate as a trigger to prompt an interest rate hike. (more)

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