[gduke]

Sit on the sidelines w/ your cash. You don't have to have every penny you have invested. Warren Buffet wouldn't invest his money if he could't find a good investment, even if it ment holding a large sum of cash for several years. That was a lesson I learned before I read the Oracle from Omahas' book. If your fully invested and most of your invesments head south, then you don't have cash to go bargan shopping with.

Jim Crammer gave good advise the other night when he advised sitting on your hands. No matter what you think of him the man is on fire. His picks have moved the market. One of them he mentiond the ther night was MO-WI (Phillip Moris when issued). The company will yield 4.4% after spinning off Kraft. Another pick of his was Bank of America.

As a person who has traded oil service stocks since the late 1980's, I would sit on my hands until early this fall. They will sell of through the summer. And you may want to look at some of the drillers like RIG (Transocean) in the fall. They are at the highs for the year and the summer will be slow for the oil service stocks, like many summers.

I would also stay away from Terex, Deere, and Cat.

And no flipping homes.