For Portee and the more knowledgeable amongst us.

We have read that the juniors and explorers have been crucified this past year in respect to the major producers.

Is it possible that the larger cap miners were vastly over-priced because of hedge fund speculation? Perhaps the current price range between large cap and small cap miners is closer to normal? If there is a normal?

I ask this because of my own opinion regarding the current global economic crisis. I feel that the precipitous collapse in global markets was, in simple terms, a massive correction. Is it possible that EVERYTHING that can be bought/sold was ridiculously over-priced for the 4-5 years prior to May 2008?

I was going to go off on a credit and borrowing tangent, but I'll reel that in.

So my question is:

Will 2009 prove to be the "Great Re-balancing" that leads us to 10 or 15 years of "normal" growth?

As for me, I will continue to buy and sell stocks. Particularly mining and oil & gas. But I will watch things like a hawk. Perhaps "buy and hold" is dead. We don't know how things will play out in 2009, but there will be money to be made. I intend to be a winner in 2009. Gains will be smaller when compared to 2007 and early 2008, but we all need to watch our money much more closely.

OK. I just re-read this thing. Looks like another rant to me.

Be well KXLers.

KG