This is foolish advice - a proper hedging strategy in the 2007/2008 meltdown wou... | Hacker News

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		mistermann on Nov 14, 2012 \| parent \| context \| favorite \| on: Basic Option Strategies This is foolish advice - a proper hedging strategy in the 2007/2008 meltdown would have been tremendously valuable. But I suppose that doesn't count, because it wasn't the end of the world. > If the economy tanks - everything will tank. What is the definition of "tank" in this context? Presumably absolute destruction? So what then about 2007/2008, what would you classify that as?

confluence on Nov 14, 2012 [–]

A buying opportunity.

mistermann on Nov 15, 2012 | [–]

> Trying to protect yourself from the market in this case is like those people who worry about possessions in a burning house - possessions mean nothing, just try and get out alive.

So would that advice apply to that scenario?

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