Let's stay on focus.

Most resource stocks have dropped to unimagined lows. We have all been trapped by the market with this unexpected turn of events.

Please do not tell people to be strong. Everybody needs to be smart and review possible options. I am considering to pull the lifeline. It is almost too late for latecomers having bought high and a sad story for many who bought low to see a nice profit and have it erode. Patience has not paid off and might not in the next few weeks. It takes lots of courage to admit a mistake and sell at a price never thought possible. The mistake is not NOT, it is the market and failure to anticipate the current situation and it could be fatal to catch a falling knife.

No body will come to the rescue, we will all have to make our own decisions. Richard Nemis cannot change the market.

With the Dow Futures down over 500 points, the worst might be ahead of us. Nobody understands what is going on, it appears that somebody knows something we don't, which has resulted in this global sell off.

Don't let the market scare you, make the right decisions to protect your capital. Sometimes it is wise to back off, wait and regroup. This might be such a time.