usmctpdog

The Industry Indicator: Buy When the Market Sells

The big financials are not going out of business and there is nothing but bad news around. The Gov't will only allow this to go so far without intervention as we are now seeing. The market always comes back as history has shown and always the same story sounded is " this is different this time". It is never different. I have not sold anything and infact have been buying alot the names in the news, NLY, MBI, CFC, C, BAC, FNM, FRE and ETFC along with widely diversified ETF's. I have been an investor long enough with recollection of financial catastrophies in the past that rebounded back even stronger in a timely fashion that had people saying "If I had only bought then" that keeps me secure in my knowledge. Even a diversified portfolio has not protected any area this time. When the sea rises all boats will also. I am secure in my decision to buy "on sale" companies.