In my first post of this thread back in sept last year I said that "tighten your seat belts for a rough ride", I think we are in the middle of it and in uncharted waters, where it will all end, anyones guess.
One thing for sure when the market has bottomed out there will be some bargains to be had, but that is a long way off yet.
I called this thing back in November of 2007, Dow has lost about 44% of it's value since then. Should have some deflation followed by inflation as the stimulious money flows into the system and the banks start loaning. You want to get in before the recovery actually happens to get the biggest bang for you buck, that's the tricky part.
Ehsan, are you day trading, going long, shorting, or just staying out right now? And what particular stocks are you watching?