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Can't fight the tape so preventing the few folks from making their rent money is no different than putting a finger in the hole on the dam: it only prolongs the inevitable. Our currency spec'ing is really paying off and we're going to continue to harvest profits as the flight of capital seeks them and the bond market out as safe havens.

IF you've got the stomach for it, some cherry picking is available. We've been buyers of quality all along and will continue to add positions in issues like P&G, Devon Energy, and stakes in the junior miners. Asset backed equites with good balance sheets and cash on hand simply cannot be passed up when they are selling for 25% of their value.

Bottom line today is that if you've watched your 401k or other retirement investment vehicle dwindle down, you have my sympathy. If you never wish for that to occur again, take control of YOUR OWN MONEY! Paying some anonymous fund manager or even going with one of those no-load funds will only net you back about half of what you SHOULD have been earning anyway, damn every one of those radio pukes who act like they have a fucking clue. I spent several months re-learning the markets and re-gaining a feel for the action and the half hour a week I put into it returns me over 30% in today's roiling market. Year to date, up 37%. Find ANY of these leech funds doing half of that and then begin doing your own homework. It's easy and it can be fun.