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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (56364)	9/29/2008 8:18:04 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 57110

Banks? I don't think so...they might be good for a dead cat bounce, but I think it will take years for everything to get worked out there. The answer is...I don't know yet. I don't think we are done on the downside though. I would stay away from bubblelicious investments....RE, Banks, Precious metals, mining stocks, oil, China...those would be on my DNB list (Do Not Buy). I don't think we are at an oversold point yet....the BPNYA is at 32 and on a brand new sell signal (bear confirmed). Hell, it got down to 16 in January. I'm actually thinking that when it is time to buy...tech might be the place to be. I think we have plenty of time to make those decisions....for right now...the USD is probably a great place to be.