"I think I heard a similar irritated rant in the late 1990's when JP sold his tech shares at a time when most everyone else was buying."

Baires, remember what you hear or see at the end of every newsletter and broadcast from a financial advisor "past performance is not an indicator of future performance" (or something to that effect).

Buffet also avoided the tech meltdown and he's not buying commodities that I know of, he's buying GE and Banks.

However, having said that, I'm a true believer in Frank Barbera and his segment on FSN was heartening. Of course, Frank was much more conservative all along and stopped out of a lot of producers several weeks ago, suggesting we not buy back in. I didn't listen unfortunately.

FB is not suggesting we buy more juniors now but does suggest that they could lead the way back up should the markets find a bottom in the next week or to with the S&P bouncing off 780 to 800, retesting the 2003 lows. However, he only sees this as an interim bottom with more to follow.

Jim Rogers is say to buy commodities and is buying now, but Jim doesn't like stocks, he likes the actual comodities.

There is just so many opinions now and someone will be very right. One of the 1000 differing views on the market will be spot on and get it perfect enough to claim that they called this bang on. And for that, they will have the sole distinction of calling the worst financial crisis of all time perfect. They will then go on to miss on every call there after but will only be remembered for correctly calling the crash of 2008 and for that they will be remembered in a most lucrative way.

Me, I think I'll be remembered as a waiter. He waited for the market to recover for years and then just waited on tables in a restaurant.