The Second Leg Down: Strategies For Profiting A... ✦ Validated & Fast

"Profiting from a crash isn't just about the way down," he told Sarah as he triggered a buy order for . "In the second leg, investors flee to quality. We want to be where the money is running to , not just where it’s running from ." The Aftermath

By Friday’s close, the market had set a new yearly low. The exuberant traders from Monday were now liquidated or frozen in fear. Meridian Capital, however, was up 12% on the week.

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The air in the "War Room" of Meridian Capital was thick with the smell of burnt espresso and quiet desperation. It was October, and the market had just spent three weeks teasing a recovery. The pundits on TV were calling it a "V-shaped bottom," but Elias Thorne, a veteran short-seller, wasn't buying the optimism.