Love the current situation. I have income and cash reserves and exited last year at the first signs of the sub prime crises.
gone back in several times - ANZ at $24 , AMP at 10.20, 7.80, 6.80 6.15 amongst others.
Market just keeps dropping lower after I buy but I think that's ok as buying now was better than buying 18 months ago. Less of a hole to climb out of when the market turns.
Now is a time of opportunity for some. Hang in there if you can and look for bargains if you have reserves.
If you don't, try and not log into your comsec account and try not to think about it.
