Dow Drops 350!!!

[??????Twism]

:banghead:What's next? With the market being unBEARable. What should i look into? Is ultra short ETF's a good place to hold a position? Or is energy plays? I'm a little unsure of myself in the current condition, is the dow looking at 2003 levels now or should we bounce off this look up before falling? any pointers......................:frown:

[AdriennHar]

The DOW broke below its trendline. It's heading to 9,000 , NAZ down to 2,000 and the S&P to 1,000. I like round numbers. http://onlinetradersforum.com/styles/default/xenforo/clear.png

I recommend shorting stocks or buying short ETF's on the next market bounce tomorrow or Monday.

[AjaPontiff]

I'm not sure what sector to invest in now either. The USA economy seems to be dipping towards the worse, not better. Oil is a bubble. Coal, steel, railroads, natural gas, drillers and agriculture stocks have had incredible runs. The question is can they go a lot higher in the near future? I'm not so sure. I'm bearish on most things right now.

[aixuzayimau]

Well they say 90% of stocks go down in a bear market. It might be a good time to protect some gains. Sell in June and go away. The SKF still might not be a bad play on any pull backs. I liked it in the low $90s and still do. I still don't trust the financials. I like buying dips, but I don't like what I'm currently seeing in the market. For now, I'm not buying any dips.

[Airbladezlu]

It is a worldwide recession, not just a U.S problem. Actually, compared to other countries, The U.S is not doing too badly. Today the U.S sneezed and the rest of the world will be catching a cold overnight.