I think it was a great day. Capitalism works, long live capitalism!!!
The market is finally punishing excessive risk taking, it is about time.
BTW: I am too chicken-sh*t to short, so I lost money today (thought not too much since I have been holding much cash lately)but I am still happy to see the market start shaking out this crap.
Who said” The market can stay irrational longer than you can stay solvent”? Genius.
