bear market

You must recognize that this is a bear market. In this bear market, the only thing you can do is to buy put and sell it quickly.
Only if SPY bounced more than 10% from its recent low, start to buy put. sell the put if put get more than 50%.

Remember, do not sell ship stocks. The world trading cannot keep on decreasing. It must increase someday!!!
If p/e of drys below half of that of EXM, buy drys, if EXM lower than half of the price of drys, buy exm!!!