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Expect another >5% drop before 9/20

Whatever you do, do NOT touch the principal. If you really want to try your hand in the market, use the interest as capital, but do NOT touch the principal. If you cannot make money from a $10K account, then unlikely you will make money from a $1mil account. Even 0.5% interest is better than...

or 700 in five years, you might want to add. saw the Nikkei's chart from 1990 to 2007 ?

Or you can say all those and maybe a little more have been over discounted by market by the early August's drop, now is the time to relax, just a little bit.

+1, that summarize it !

Just one or two more follow up days, then bottom is in.

The market, in its current price, has already discounted a more than 50% chance of double dip. Within two months, someone will anounce the 2nd recession in two years is already two months old.

Bottom for next 12 months or according to Poll#4, no more lower low by end of this year

This is NOT 2008. If I remember correctly, the bad news during 2008 crisis pops up almost every day while today the bad news are really limited, downgrade, possibility of double dip in US and troubles in Europe, what else ? People will get tired of those stuffs after a while, how much fear you...

1. Today is the bottom. 2. Bottom after two more days' dropping. 3. Bottom by end of September. 4. Won't happen this year.

Because they got some many blames during 2008 crisis for not downgrading faster enough.

+1

And here is graph

See attached image, http://www.TheOptionsLab.com

1. Buy puts beforehand or 2. Bite the bullets by closing all your position also beforehand. If market ever drop 30-50% in one day, I am sure your head will explode and all those complicated trades just make it worse.

Have you considering buying put spread instead of outright put ? i.e. Long 100 Google at 610, buy 1 Oct 600 put, then sell 1 Oct 570 put. In this way, when the 600 put expires, the 570 put must also expires, you will at least feel a little bit better.

while March IVs jumped.

CBOE options toolbox for simple strategies or the options lab for complicated ones.

If very close exp. bull call spread. If far from exp, OTM calls.

before you trade, make sure test your strategy to understand potential risk. I usually used the options lab. www.theoptionslab.com