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Once every 5-10 years, there is a crisis coming. A bubble that is bursting, or some disaster (war, covid etc) that panics markets.

There is a crisis coming right now, a very nice combination of rising interest rates, overvalued companies, and post-pandemic hangover.

There are two ways to play this:

1) short a broad basket of tech stocks and financial services companies. They'll get hit the most valuation-wise. Tech stock wise avoid the ones that have corrected too much already (Netflix, Zoom, Peloton) but if you really want to pick a bit choose the ones with lower margins or lower retentions (you can check Meritech public comps) or with the highest trading multiples. Again, take a basket (15+), don't play the stock picker - you do not know better. I would avoid security stocks because the momentum in cyber is really good and it's typically more mission-critical so I guess they will suffer less. But everything else is fair game.

Now, shorting is really risky, because you have unlimited loss potential (!). so you need to make sure you have stop losses in place. And can't stress enough that you need a basket of stocks, equal exposure to all, no favorites.

2) the second way is to wait and pounce. There are many stocks that drop dramatically (and that are dropping hugely right now) in crisis, but that really shouldn't. A good example was Visa/Mastercard during the financial crisis or even some medical stocks that dropped for no reason whatsoever (i.e. good performance, low debt), Hint: check beer companies - why are some still half price vs pre-covid share price levels?

Keep your cash handy, and start to earmark stocks that will become cheap. If McDonalds drops 15%, that's a buy, people will still eat that stuff, probably even more in tough times. Wait for the classic bluechips stocks to fall to pre corona or even slightly below corona level to accumulate positions in them (some already are at those levels) As a good practice, I would actually put orders to buy those stocks at those kinds of levels right now, so you don't miss out on them if there is a huge sudden correction.

For 1) and 2) be patient. Don't try to do day trading. Stick to your loss stops.

For strategy 1) I would put orders to get out of the position once you have doubled or tripled your money, don't get greedy because it's hard to time the markets. For strategy 2) Just hold my friends. 2 years, 3 years, 5 years. You'll thank me later once you will have done 5x or more on those positions. 

If you guys want to share thoughts on what stocks are good buys right now, let's do it.