Actually it wasn't so much a crash as a very prolonged decline. The media and every financial pundit relentlessly painted the market in glowing, positive terms but the market did it's own talking. Down down down down down. Day after day after day. opm8
Look at the % from the top, to where we are now. Is it a Correction? Have we broke a 10% retreat? Is it a Trend Reversal long term? Calling this market is for amatures. Trading the moves are for pros. Fucking clowns.
Thats always a good plan to have ready. Until things settle out, nobody knows for sure where it will go. But no matter which way it goes, its a great time to be a trader!!!
Here's my plan. If it has a p/e of 50 or over, I'll whack the bejesus out of it. You like my plan? I like my plan. All the high fliers being sold to meet hedgie redemption calls. Whack 'em.