At times like these it's worth just turning off the PC and walking away for a week or two. Everything is going to drop and drop substantially as the good old USof A implodes on it's over leveraged self. Sadly our housing market and general credit market is not dis-similar so we will go pear shaped too.
At least the recession will hit early enough that it won't be blamed on Kevin !!!
After this blows over the quality stocks will be the first to make a recovery as people look for the new stories and the next big thing. Up will step APG, resource prices will be low and the big boys will be looking for any price-advantage they can get and BHP will hold the aces through APG's cost saving technologies !
So, hold tight, ignore the paper-losses....six months ago it was all huge paper profits.......and wait for a strong resurgence of the truely over-sold stocks.
Hmm, might have to grab a few if it goes under 9 !!!
APG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
