Easy, easy, guys.  Just pure discussions.  I like atmosphere here.

One factor leading to 1987 crach is immature program trading at that time, as cascade effect triggered a lot of sell orders and it is more like an liquidity-driven event.  Today's market is far more sophiscated, so we might not see another 15%+ down day like this. 

But, this economy has its own serious problems.  Some are not seen even in past bubble bursts.  Feds deliberately created another bubble and faked recovery after 00-02 crash.  The net result is irreversible credit system failure.  Although default rate is still at historical lows, we might see it creeping up in the near future.  Current high GDP growth is generated by multiple expansion and cheap credit, not corporate re-investment.  Real inflation-adjusted household income is declining year over year while nearly all asset prices are inflating.  When an economy is trying to keep its growth with huge negative account balance and huge trade deficit, there're only 2 outlets: deflating asset prices, or deflating currency.

huh, my empty philosophy seemed to work for me pretty well.

your statement clearly proved my point.

and you ignored the fact that when I said i think a 10% correction the most, TIE price was 65, did u see a 65-6.5 = 58.5 (pre-split) correction? I say NO. and now the price is almost 74 (pre-split adjust, that is 36.78 as to now).  that was before the huge run up. and Did i predict the huge run up? NO. when i saw it, I was out COMPLETELY 88. 87, 86. next day it was all the way up to 95!

Did u, sir, the scholar, predict the huge run up based on your model? NO! if you predict the huge run up, you were NEVER by put at 65? were you?

so i let market tell me it is time. I rided TIE from early Jan when it was 30ish, and all the way up to 87. and you on the other hand, sat on the 65 put till it rushed to 95!! you say your school sucks.

so please when you think you know too much, you probably know too little.

and I have always said I am extremely lucky this year that I caught TIE. But if you think I am ignorantly lucky, you are wrong. I kept making money in the down market. However, i have not caughte something like TIE after i sold it. I am constantly make money almost every day. Am I lucky or my EMPTY model actually works at least for ME?
whatever matter to you must be different from me. cuz I want to make money from the market. I made 550-600% just from TIE, you sir on the other hand, IF YOU DID sit on your put position made 20-30% on that position only. MY ACCOUNT up 550-600% this year!!