Oh, I'm taking full advantage of the situation as I watch the world's governments try and handle their ponzi scheme social entitlement programs. Not even governments have unlimited credit cards. I'm basically a Laissez Faire capitalist, so I'm making a batch of popcorn nightly and enjoying the show. The Greeks rioting because they may have to actually work was hysterical.
I rotated mostly into cash a few months ago. I have some minor short action; US Steel at 68, Patriot Coal at 20...and I'm playing with some pennies in here including EFLN...also went long the Dollar vs Euro in December, but the majority of my money is on the sidelines.
I don't believe this world recession is anywhere close to bottoming. I think it's just starting, only in the first couple of years of a long, painful, global event. I also wouldn't be a bit surprised if you don't see some major global war evolve out of this either as resources and money dries up. I'm a history buff, my library filled with books on the stuff. All it takes is some, small trigger event during a stressed time. Times change, but man really doesn't.
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