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stock8-31-09 Today’s Australian is bullish. I concur . Glad I overweight in banks. Aussie banks 10 year performance rivals with Warren Buffet‘s, amazing feat. I had been benefited greatly with my bank stocks.
Hold your nerve while the storm hits. Then, buy aggressively when the worst is over. I am very happy that I bought LEI, ORI (traded away), WDC, WOR. Bought TLS for yield and possible trade. Near margin call, so sold some CBA to reduce loan.
For the US, the storm was even stronger. I checked my holding the other day. I performed much better than the 2001 recession. When the storm is coming, hunk down. Through away the dead meat. ALU and NT were such stocks. INTC was my key holding together with AMAT, JPM, NTAP, TQNT, CREE.
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