.

Ever wonder how people keep their heads when every one

else is losing theirs? They stay focused. They keep their

poise. They keep their minds clear and calm. Nobody ever

ever makes money when they're angry. To make money, to

see opportunity, you have to remain calm. Even as you get

closer to the edge. Even as stocks are falling. Stay calm,

and search for the nuggets on the ground that people are

dropping as they head for the exits in a panic.



America's economy is in free fall. The free fall started with

the sub-prime mortgage market, so-called "toxic assets",

then it spread into a general fear, then fear became a

panic. Now, the fear is palpable, You can taste it. You can

smell it. Guess where the smart money is. Lining up to take

part in the government's fire sale of the very same "toxic

assets" that the banks now have to sell.



That's right. They will buy billions of loans for pennies on

the dollar. Not all the loans will pay off. After all, too many

people have lost their jobs. But enough of them will pay.

And if you buy low enough, not that many people have to

keep paying their mortgages before those "toxic assets"

start to look like exactly what they are.



Another gold mine.



And the rich will keep on getting richer.



[Update:



When I wrote this article, in 2009, Citigroup (trade symbol

"C") was trading for 97 cents. Today, March 19, 2014, the

share price is $48.60, after a 1 for 10 stock split. ]



Find out more information on how to navigate the financial

crisis: