What I'm expecting for a while (with "a while" being wholly unknown, although I hope it's not "quite a few minutes!") is:
- A calming market
- A dwindling VIX
- The elimination of a need to be armed for battle from open to close
The perfect storm for bears is coming later. It might take a few months to get here. For the immediate moment, I'm going to be doing something very simple: buying SSO to take advantage of the ride up. It's clean, there's no reason to fuss about the volatility premium, and it's super-liquid.
The buying public has to get some modicum of trust and comfort back. It's going to take a little while for these wounds to heal.
