News... what news?

Wow. Just have a moment to comprehend the gravity of the situation.

Now, folks who's been trading stocks for more that a length of one cycle may be unfased (and probably they are out of stocks by now). But a green-horn like myself? I would be very scared had I had more than 30% of my savings in stocks.

Anyway. What I would look for next. I should set a "fair" price on domestic stocks I hold, so that if a rebound happens in the upcoming weeks, I would pocket profits and be free to play upcoming downturn. Considering investment vehicles from proshares.com, both shorts and ultrashorts.

Also, Qualcomm will become a contrarian play once Nokia lawsuit is priced in.