Background info on the thread is excellent and really needed. But we are here to make money regardless of the direction. Everyone should have shorting in their armoury too, especially when going long is quite impossible.
The weakness was in the market yesterday, I did buy a number of puts on the XJO for example. This is one way to short, simply and easily.
Also, China is quite unlikely to fall over IMO. Worst case scenario that they would slow down to around 6.5-7% annual growth - most other countries would kill for that. Also it usually gets forgotten that the 1.3 billion of them are also require stuff and better and better stuff at that - therefore their economy isn't only export based anymore.
Finally CNBC. As Squakbox actually interviewed ME a few years back, I certainly wouldn't put a whole lot of faith in their wisdom....
