Read my last few comments on BBUS, that pretty much sums up how i feel about shorting the US market. I don't think we're going to see a crash anytime soon (excluding a black swan event), but i do think the ASX 200 is going to retrace to around 8000 over a few months. But that's just my opinion, based on what I've read. It's always best to do your own research to form an opinion, and use a stop loss. The only time I've lost money is by holding a postion for too long, and not having a stop in place. if you are too early, that's the same as being wrong. You need supportive data to make you take a position, that's different to having a belief based on nothing. If BBOZ goes back to $23, I will admit I was wrong and take my loss. if I'm right, I'll sell at around the 8000 mark and take my profit.
