These are the days when four-letter words buzz like flies on a corpse.
I spent this morning in a meeting with my fellow analysts to discuss what the next best investment opportunity will be.
I have to say, the mood was positively dismal once we heard the Dow dropped below 10,000. The buzz still hasn't died, and I know some of my colleagues are still frantically sending messages on their Blackberries.
Yes, folks, it's another record down day here in the U.S.
You can gawk, you can cry, you can yell and scream...
Or you can grab risk by the horns and snap up some really great deals. It'll mean finding those obscure markets, or those beaten so severely that shares are selling well below the value of the company.
And that means that you can make some serious money down the road.
You know, when some people look at a Class V rapid, they see danger. Others see adventure. It's all in how prepared you are to take on those risks. If you are, markets like these can be lifechanging.
I know it's strange to hear someone talk about amazing market potential in these times, but it's true. Look at the huge bubbles that appeared in the uranium sector, or the massive drop in gold and oil prices after the embargo more than a quarter century ago.
And remember the $1 billion-trade that George Soros made betting on the downturn of the British Pound?
It's happened again with Julian Robertson, famous Tiger Management Group's ex-boss. He made a huge bet on the subprime mess back in 2007, and is making a killing.
What I mean to say, is if you have the guts, this market will yield up some great gems.
That's what I'm researching with Taipan Trader. I'll have my latest report from Emerging Europe for subscribers very soon.
