All,I'll take a different tack and remind people that one John P...

All,

I'll take a different tack and remind people that one John P Getty became America's richest man by buying at or near the bottom in the darkest times often buying $100.00 companies prevously for less than $1.00.

Those stocks bought went bankrupt at a rate of 80% so one could actually argue he was a lousy stock picker. BUT the remaining 20% made him the richest man.

So try and rejoice when lots of stokcs have fallen >90% and do your best to pick the real turn arounds... as opposed to the fond hopes.

The current dark times can actually make you rich... they may in fact be a necesary evil to actually become rich if you are starting from a small base. For the patient investor there are far more potential ten baggers today then there were just 12 months ago.

Blastoff