Betting the May Jobs Report Is Not the End of the World

When the May jobs report was released it was

. And on top of that, we learned

died this morning. Though much of the news early Friday pointed to how the jobs report was a sign the apocalypse was upon us, some analysts saw it as an aberration. "The disappointing employment report for May was in our view most likely a temporary aberration and did not mark the beginning of an extended slowdown in the labor market," wrote Harm Bandholz, Chief U.S. Economist for UniCredit Research. And for investors who would like to profit on the May jobs report being an aberration, there are many options available. This also fits well within the philosophy of a professional speculator who said, "If you're not buying when everybody else is selling you're probably getting ripped off." Investors looking to go long the S&P 500 can buy SPDR S&P 500 (NYSE:

), an exchange-traded fund that generally correspond to the performance of the S&P 500 Index. To add some leverage, an investor can use ProShares Ultra S&P500 (NYSE:

), which seeks results that are equivalent to twice (200%) the performance of the S&P 500 Index. For investors who believe technology was unduly hammered, use the 2x Nasdaq bull ProShares QQQ (Nasdaq:

), equivalent to twice the performance of the NASDAQ-100 Index. And investors wishing to go long the U.S. dollar can buy PowerShares DB USD Index Bullish (NYSE:

). To short the euro, investors can buy the 2x leveraged Market Vectors Double Short Euro ETN (NYSE:

) or the 2x leveraged ProShares UltraShort Euro (NYSE:

).