RE: Looks like a good buy here!I am also down hard although I tried to position for downturn in Tbills and FFH.to which positioned itself for a one in 100 year disaster (imagine, they have $13 billion notional CDS exposure that has direct positive return from widening credit spreads - brilliant of Prem Watsa). I also a good % in a contrary hedge fund that has no leverage and no mortgage /real estate focus.
I really don't care about the market turmoil. I am making sure I reposition in the best stocks to run higher and when the turn comes in gold and uranium we can expect just awesome performance but we have to be there. Overall, only wish was that I sold all portfolio at top and rebuy today. I am just not that good of an investor to be able to time the total market. I spite of the down turn, I still have turned $1 into $6 in 7 years since nov 2000. Proud of that record when I have also been raising my kids and keeping my girl happy.
Focus today is stocks that have major ozs in ground and great projects with cash to make it happen. Examples - AUG, BGL, MAO, SGR, HLM, etc. Love SA...
No one that reads my crap should give up and run with their tail between their legs. Stay with strength and be there when the market makers start back up the slope.
This is all staged. Parties that want your resource shares are using the media and selling to bid etc to get your shares. day by day, they are geting even richer. It is like the big bully that wanted your choc bar at recess......hold on tight unless the busines s changes.