It is well known that I'm a bear and the very last thing I want to do is to appear to gloat over this selloff.
But I think it's a fantastic illustration of the usefullness of strategies other than buying all the time.
Options and commodity futures (including options on same) are fantastic instruments for generating non-correlated returns from the financial markets.
For me, although it is vindicating to see this selloff, in actual fact, i don't really care.
I have had an EXCELLENT month, and yes it has been due to being short the indexes, gold and stock, but there was some very lucky timing which worked my way... pure @rse.
However, it really is business as usual... just trying to pick which way its going (or not going in the case of theta positive option strategies).
This is just a friendly prod for people to look seriously at other ways of playing markets rather than just going long stocks all the time.
Cheers and good luck in your endeavours.