"So [in a downturn] the stock that you hold on to, you lose half on—that’s what happens. And you feel horrible about it. But if you work and reposition at the bottom, sell out of your real mistakes, and buy better stuff, in the up-cycle you make 500 or 600%. And the aggregate math over ten years of losing half on 50% of your portfolio and then making 500-600% on 100% of your portfolio is very compelling math." — RICK RULE http://vertical.caseyresearch.com/ Sent from my iPad