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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Roads End who wrote (5974)	8/16/2007 6:32:37 AM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 50739

re:["So I say drop three zeros off the Dow and we had a correction from 14 to 13. Are you really calling that cataclysmic?"] No. I think you missed my point. The "cataclysmic" meltdown is in the debt and credit markets. $14 to $13 is not cataclysmic. Neither is $18 to $16. But, serial bankruptcies along with 50-80% drops in the value of mortgage paper is... The key will be to buy stocks that vastly outperformed the DOW and their peer indices on the way up, that have been vastly oversold against the DOW and their peer indices here on the correction, and should vastly outperform the DOW and their peers on the way up - post correction. For example: GS vs. XLF vs. DOW Significant longterm outperformance: Significantly oversold nearterm relative peer index/DOW: The same opportunities are now forming in basic materials and PM's as the Yen carry unwinds. Live by the Yen-carry... die by the Yen-carry. The sword is now cutting both ways. Now is the time to seize... "Discrepancies between price and risk." SOTB