could you tell us why you did not short the 2000 market and the house bubble market? actually the market slides so much not just in one day, it took several months, that means you have plenty of opportunities to short, why not short the market in the down side? you may think it is too low, but it keeps falling, or the common sense "it falls, then it will pull back" hold you?
haha LANDIS, I remember when that analyst gave a 1,000 target for QCOM; i remember BRCM,PMCS,JDSU,CIEN and JNPR having pe's so high i could'nt count that high. bottom line,shorts got killed because the technicals did'nt say to short. remember GSPN ? that was a big mover as well.
it seems like the market is ready for a pullback... but can you survive the markets moving against you for maybe weeks till we get there?
Instead of shorting stock, perhaps buying put options (or put LEAPS) would be a better way to place a bet: Known & fixed risk, no worrying about unable-to-borrow, less impact of odd-lot trades. You could even buy options-on-futures puts, giving you the flexibility to choose whether to bet on a price decline in crude oil, heating oil, natural gas, or blendstock gasoline.