"What is Best way to play the downside"
Go long. Have you seen this thing? #*&@, the Arabs could all get the bomb and nuke half the West and all of Israel - and we'd be up 15% on all the great rebuilding opportunities that were just created. The One could announce new capital gains tax rates of 200% and we'd tack on another 20% gainer `cuz now nobody wants to short and make money, plus nobody wants to sell, plus we're one step closer to a balanced budget.
Who could possibly kill this Golden Goose? We're lining up daily to shag the thing, but it doesn't die, it just lays even bigger golden eggs. So we all might as well get in line a couple times every day.