I've got to tell you, it's getting harder and harder to find good opportunities in either direction. On the long side, those issues that were completely battered in late November have popped up 50% to 100% and seem far too dangerous to buy. On the short side, the market has been ripped to pieces so badly that it's difficult to find much that has "escaped" the damage.
All the same, there are still opportunities, albeit less juicy ones. I just shorted EEM (with a stop at 26.47). I don't think there's a gargantuan amount of downside here, but the stop is pretty tight, the shares are extremely liquid, and it's a good way to play any weakness for the balance of the year.
