OK, so you are always long, except when something unforseeable happens, after which it is too late. Thanks for the advice, but, no thanks. Good luck with your widening losses, be glad it's only paper.
Paraphrased Quotes from S_Trder,,, A big deal in my book would be a nearby type 2 supernova, ..., a mega bubble and overvalution. and one of my personal favorites: This bull market could last for centuries. S_Trdr, though i have you on ignore i still get to read some of your best musings, and i suppose the reason you didn't know there was an itsy bitsy 'bubble' and a teensy weansy bit of 'overvaluation' in real estate due to the wise Mr. Greenspan's liquidty 'pimple' is because, Mr. S_(van Winkle)_Trdr, you have been asleep since 2003.
No, but I can see it. Man, not often seen such panic, level2 YM is total mess. I think it was abandoned for a while.
The only prediction I have is that there will be some massive numbers posted on 07 trader pnl tonight. Big. And if you think nas is bad, check out msh (morgan stanley high tech index)