>>3154769 pb

When it goes, and it will, the line to get out will slam shut on the retail side…count on it.. Market will declare 'self-help' in attempt to side pocket selling.

My advice to retail traders….get out and stay away. This is not your father's market.

If you are short, let's face it, you're betting on capitulation. In 30 plus years in this I can honestly state I have only seen it once and it was not in 08. That was controlled demo. As 'bad' as it was during that time there was no mass pulling of bids, it was almost ALWAYS bid back up by the ESF after it was slammed in pre-market. There are charts out there that show how much of the mkts daily move was attributed to pre/post session moves. At it's height it was close to 80%.

I gave up doing anything with it when that % went over 50. Wasn't too long after it's bottom in March 2009.

You will have more success if you manage your own book. If you use a broker…good luck. Plenty of stories of un-answered phones in 08.

>>3154906

>Getting out is not an option.

Don't regret it…all I am saying. Lots of 'friends' I used to have prior to 2008 said the very same thing.

You have to do what is right for you….that is to be respected

Godspeed to you.

>>3154964

Domo anon…taking

>>3155066

Taxes certainly biggest unknown. I was exactly opposite of you. Made a killing from mid-07 to march 09. Not so well after….not many of us factored in over $20t in 'assistance'. Still traded but only as momo and rarely overnight.

>>3155196

Don't want to rain on your parade but we go a little deeper here. No games just post what you want.

>>3155208

Look up Brooksley Borne (sp?).

that, along with the many well-known regs that were removed during that time. People would laugh when I said the biggest tool to enable the derivatives markets was the Clinton admin.

You wouldn't believe the looks….."Not Bubba"

Summers, Rubin, Geithner, Paulsen

need to go here pic

>>3155277

IMO everything after the final piece was removed, Glass-Steagall*, was just paper. To top it off they even removed the up-tick rule, since your short you already know but many do not.

• Not enforced very well when it existed for over 8 decades. IMO most of the what remained of an enforcing SEC was neutered when Cox was put in. Add in the fuckery with the bankruptcy laws by Shrub and it was a bomb waiting for the Fed to pull one of many pins.

You want to get angry look into the reverse-repo process that started in September 08.

Fuckers took $10b out and drained size that forced asset sales. Lather, rinse, repeat.

Was so pissed when the (Con)gress caved that sunday.

I am not so sure it would have been successful at that point as it still needed more connectivity.

Take away for me is that we are 10 years smarter/prepared.