We'll see. <g> There will be quite a few more banking and
brokerage failures, and this rally will be a nice selling
opportunity. Short term fear is indeed extreme. I'll buy C
in single digits, if it gets there during this mess,
and I am currently accumulating F at 5 and below, and GM in the
teens - bot some F and GM Yesterday. It could be a rough ride,
since technically they
have not bottomed, but when they do turn, I expect to make
some serious buck, provided that they don't go broke, of
course. Don't think this is over just yet, even though it
may feel that way in a couple of weeks -g- I'll lighten up
on F and GM a bit if they rally a bundle. I expect the bear
wave to be over by Fall, but we are going a lot lower. Maybe
this will last much longer. Gold has a lot more upness to it
still, IMHO, even though there will be sharp breaks. I have
also been accumulating some SA gold shares on dips, although my
position is for the most part physical. Basically a dollar
short bet. The dollar declining against Yen is bearish for
financials, but very bullish for Auto manufacturers -g- |
