Coral,
Today I have been buying Nov PUTs, against some selected stocks. This market is traded strickly on "preceptions", and not fundamental factors.
My PUT position(s) are for the time when perception meets reality. The move, I am only guessing, will be fast moving as preception changes fundamentals are already in place.
Again I am guessing and this is not my first time to be bearish the stock market in general. The one in July 2008 was great, and I am hoping this one will be better. The Longs in March 2009 worked well, The PUTs in 2010 not so good.
I trust all is well with you and yours,
Salute