You can Make Money in a down market even on the long side. You just have to be a good trader, Take profits quickly, and think that when everyone is telling you a stock is going to the moon it is time to hit the sell button, when everyone wants to throw up because a stock seems like it never ever will go up again that is time to buy. Now this strategy will only work if you do good DD on the company, preferrably not in economic sensitive sectors.
Take AIRT as a Perfect example, People were buying In in the 11's and on the way down, on a good quarter. The Quarter was good and it was undervalued, but the old rules, of I chase everything that has great news and great outlooks has come to an end, we must be picky on price, AIRT will probably see the 9's before it see's 11 again. You Sell the Momentum up, You try wait for a sign of a short-term bottom and then you buy like the stock is going out of style when it has fallen off a cliff. That is the only way you can make money in a market that has a negative trend to it. Try to look at the VIX when it is in the Mid 30's the Market is going to bounce back hard. Those are tradable rallies, Look at charts, this ain't going to be easy, But I believe we can still make money on the long side as long as we trade, buy and hold, right now, will be like watching you profits go up only to be taken away and probably more to spare. In/Out of the market is the only way to make some money in this market in my opinion. Since I'm a good trader, it is what I do best I'm confident that I will be able to make money in this environment over the course of 2008. Yet that doesn't mean I say anyone should be fully invested by any means, as you need to be able to get in/Out quickly can't do that if your fully invested so max I can do right now is about 40% invested, right now about 18.41% invested. Just my opinion.
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