abc correction over.... time to pound those bears in wave 3 of 3 !!! I love ZERO RISK FREE MONEY being long stocks $$$$$ WAAAY too much fear in this market $$$ Kachingo $$ "Who's your daddy?" --- thanks waxie!!
There's too many other things to short right now with commodities crumbling. I was short for about 3 days last week, but staying short, betting against the Fed for long seems like a bad idea. If you're really interested in shorting, you have Oil, Platinum, Lean Hogs, Live Cattle, Yen, Euro, Cad, Sugar and so forth that are in serious to moderate downtrends.
It is a scary position to be short. You know the Fed will step in somewhere down the line and it'll blow up in your face. Having said that, I think there's ample time to get out or reverse if necessary because stocks don't make their full move instantaneously in response to the Fed. It takes time for trends to develop before reversing.