In the current market conditions there is something worthwhile to try other than shorting stocks and exchange traded funds (ETFs).
Mitch Tuchman for Seeking Alpha reports that studies show big market moves happen quickly and over a couple of days, not over many years, which accounts for the gains that most markets reach. This makes timing the market, especially during volatility, foolish.
ETFs allow investors to pick up a little tax break during market downturns, such as in the current condition. By selling an ETF as a loss and buying a similar one that gives overall the same exposure, investors are allowed to take a tax deduction.
Before ETFs came along, this tax loss harvesting was virtually impossible. Just be sure that the ETF you purchase in place of the one you sell is similar enough to qualify.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.