Sadly,for those of us that were watching in 2008 and took advantage of said buyers market then, and in early 2009,we kind of hoped for a BIT better result by now,not 2008 all over again so soon.
It most certainly IS a buyers market right now, just like 2008/2009,for those remaining( or new commers ) that want to join the "fun"
In 2008/2009,i thought we`d have a four to five year window before 2008 happened again.
2008 never really ended.It reared it`s ugly head again a WAY to soon,and the shorts made a killing.Which is why now,at least for the present,the only way to look at the market is in the same manner.Split`er up 50/50.For the time being,i`m going 50% short,50% long with most of my stocks,switching back and forth along the way.I started doing that about a year ago so fortunately i`m still playing with house money.Didn`t intend to,but those are the only rules that apply right now.Make a few bucks when it spikes,then buy`em back cheaper very soon after.
I`ll continue to do that until 2015 with all my satellite juniors around the ROF,taking the occasional bird in the hand,making sure not to do it with them all at the same time.
KWG remains untouchable.I`ll ride that one to the end if need be,won`t get caught shorting that.And from the shabby looks of it this morning combined with Cliffs latest news release, the "end" may not be that far off lol