Your experience is why I’ve been out since selling off my short (and a few long) positions last week.
This thing will rip the legs off most traders — long OR short, IMHO.
I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.
They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.
