how do you trade default?

If Default happens what do you expect? Triple digit drop VIX in the 20s? A sigh of relief in the markets and a rally?

 

well if we go totally kaput, then you can use your money to wipe your butt, because thats what it will be worth, the Bush tax cuts will retire the federal debts by 2011 so we still have time, its only July.

 

when default happens, more than 98% of small traders lose. They just lose!