Patience!!
RUF
PS: The tipping point was the Hinge! At these prices, Traps, anybody whose done their DD is All-in, still seeking new sources of "cash" to further invest! This zone winds its way down 5 to 7 thousad feet, production of which will no doubt outlast you and I and a considerable # of NA banks!
Credit is already being taxed (in general terms not govt terms) so time is of the essence if you plan to set up your LOC with your neighbourhood banker!
Next week or month his doors may be Pad-locked so the time to act is today!
Indy-Mac was the third largest bank closure in US history an it's the tip of a much bigger ice-berg!
"Act or be acted on!"
RUF