I have a feeling that everyone is going short, means this could reverse big time, Im still extremely bearish but we haven't seen this kind of drop in what feels like years, so I think shorts are piling on, Im actually exiting my shorts now, sold off SPXS and TZA and about to unwind a couple of others....
I thought the same exact thing, so I had to post it. There will be more faces and headlines throughout the day, you have to have fun when the markets are trading hundreds of points lower!!!!!
I smell an afternoon rally, I just sold another short that I held onto for many many years DUG out at $73, held onto that one for years, rode it all the way down and held on, sold for a small tiny loss but in the end it was a lot less of a loss than when it was trading under $40