stocknovice [now, passed grade III]19 Apr 2009 20:53
No thankfully, in this most recent “bull trap” I have a good “long exposure,” also, but, mainly, in pharmas, miners [mostly, but not exclusively gold], oil and gas, communications etc… which are reasonably resilient in most climates.
However, I would say, again, that I’m beginning to look, aggressively, at shorting some of the more sillier risers which have been riding the surf, and causing me a little grief! They have big debt problems, and, also, massive exposure to the continuing consumer, and fiscal contraction, and, at times, total extinction, and associated investor fund wipe-out
PS Sorry to post this, but in great memory, for now, of Mark-Expat [who spoke masses of sense!] http://www.youtube.com/watch?v=T8__EwAT8VM