Stock Watch

So, Good mood today, regardless of the Ass Kicking "Le Market" is in. BTW I am still Long Gold Mining. and haven't taken the ass kicking everyone else has, not to say I haven't been kicked in the nuts in the past few weeks. Hard to say this, but it's been worse. I've had days where I wanted to lay in bed and cry.
I want to call a Bear market for 3 months, It's mostly going to be lateral moves though. But, the weakness in great wallstreeet loved stocks like RIMM(Research in motion(blackberries) and FWLT(foster Wheeler-construction equipment) and CAT(construction equipment) RIO (Mining) and AAPL(Lame ass, Ipod with a phone attached) are, in my humble opinion, at a bottom. Basic materials, and international exposure stocks have been overly sold by the Hedgfunds, as they try and recover from their stupid investment in High Risk Mortgage Loans, and have had to sell off favored stocks to cover the losses. This is what accounts for the "Market Correction", Which should just translate into a feeding frenzy for anyone smart enough to jump in and feed.

But in this market gold and it's sundry items should kick ass. Stay away from American consumers, stay away from financials. We will get a tally on the blood letting from the Hedgfunds, especially the "black Box" hedge funds in the next couple of weeks. which will drive more weakness in these stocks.

I did have the opinion the other day that I could call a bottom when Dylan Rattigan cracks on air.

Further note to J-funk... In the next year or 2 the housing market in Seattle will bottom and you should get a good deal on a house, but you will probably need a good deposit. Which is where a self created 401k comes in you can use it for the down payment for a first house with no penalties. If your afraid of "Mother Market" which you should be, there are things called ETF's that you can use to safely buy corporate bonds at say 5-7% till you get less afraid to invest at your comfort level. Also, I think even in cash I get 4 or 5% just for holding cash in the account. But hell things like basic material miners, steel and copper, nickle, Uranium..... These will pull a great return in then next few years, especially uranium.....