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Message: Brutal

I see more downside that could come our way. Once bottomed everything will be very os but what can we expect unless some magical wand changes all the negative news flow about recession, europes woes etc......maybe a rally 50 percent of the way back. There is so much damage that it will take some time to repair so going straight back up may not be in the cards, individual stock stories could happen with drill results, mergers etc....but on the whole we may have had our plans setback some here until growth for commodities, if that is where you are concentrated, becomes clearer. Canada came out with decent reports today so maybe it's a glimmer. Have to think long term at this point , poss. 18-24 months. We'll see. I slimmed down alot but on some of the ones we discuss here not enough, having said that I feel good about getting what I'm hoping is the buy of a life time on some of those same battered plays.

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