specialist,
Thanks. You don't want to know the losses we are sitting on right now - but we've learnt our lesson from 2008. If this doesn't stop soon we'll be heading for the exits losses or no losses. On the other hand if things turn around there will be lots of buy opportunities and my gut feeling (been wrong lots of times before) is that this is just a short term correction.
Good luck! I'd keep that cash for a while until we get some more certain signals.
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