vrudny, your comments are surprising, esp. if you’ve been reading my posts. I am not a trader, but consider myself a knowledgeable long-term investor. You are new to the forums?
I’ve predicted the market would tank since last January at least, but was always afraid of shorting, bec. of the high risk. I’ve been writing on this forum that people should sell their stocks early 2006. At that time, I was afraid of shorting, because I had read how risky it is. You can read my previous posts from last winter to get all the details.
My prediction of the market tanking has not yet occured, but all the signs for it are getting stronger.
I see opportunities in many companies which have not yet been beaten down, like WaMu, furniture makers, retailers, computer manufacturers esp. since the bulls are expecting the computer sector to keep going up but in a recession they are going down too, as companies pull back on capital spending. So it is definitely not too late.
