I love the Canadian energy trusts and they have perfomed nicely for me over the years. That's why it is so sad to see what has happened to Enterra. (ENT)
They say the time to buy is when there is blood in the streets, but this one is looking like Hiroshima.
If last month was any indicator, it's a good time to have a large cash position. Whatever the Fed does tomorrow, I think we see some nervous selling that will continue through the week. There will be some great buys in the financials and I want to be in a position to cherry pick the sector.