B.I.G.

Big well capitalized companies, International in scope and Growth oriented (BIG) will take massive new market share from this point forward. The many who are under capitalized, over leveraged will be in multi-year work outs....if not bankrupt.

We have two equity markets developing....a lot like 2001-2002-2003. Those penalized from poor decisions lag and the best positioned companies start to attract all the new investors and relative performance.

Various comments from smart people:

"With the market in a correction, your best course of action is clear: That means first and foremost, cut losses immediately. Sell stocks that have managed just meek gains or broken even since you bought them."

"One of the main rules in investing is that THE FIRST LOSSES ARE THE BEST LOSSES. The longer we wait, the the more distress there will be in your investments."

"Only twelve banks have gone bankrupt so far. In the 2000 recession, nearly 500 banks went bankrupt. It is remarkable this current recession may be somewhat largely held to Wall Street." If you listen to the left media you would think the world was coming to an end.

"America is still no. 1. Of 55 corporate defaults this year, 53 involve U.S. companies, almost 70% of this group has private equity's fingerprints on it. Coincidence? Perhaps, but as further defaults occur, don't be surprised to see private leveraged buyouts account for the lion's share."

"The S&P 500 has risen or fallen by more than 2% on 7 of the past 11 trading days so far this month....nearly matching the total grand of days over the entire 4.5 year bull run."

Sun Spot activity now at a 150 year low....unprecedented in modern history....cold winter coming?

The amount of forced market held liquidation taking place for month end and quarter end is powerful and enormous don't fight it. Stocks are the only asset that can be sold today. Way to many friends are asking what to buy and how to make money.....the better question is what do we avoid and how do we lose the least amount of money. Don't fight the trend we are one year into a multi year work out.

Danny Boy seen here trying to decide if he should pick that ball up or not!