between the seize-up in credit; ARM resets increasing into the Fall, I'm thinking it may be prudent to keep clipping nearly 5% on cash money markets for a larger share - anywhere from 20% to 50% at the moment depending on the account.
if there is a cleansing drop of another 10-15% from here, i want to be able to avoid some of it and take advantage of it.
2) on timber, I picked up canfor, it has 1/5th of WY's market cap but produces 1/2 the lumber of WY. Whitman and billionare James Pattison jettisoned the old ceo in favor of a more value realizing manager.
3) HBC, I've been thinking about LYG. It has a 6% dividend and conservative underwriting standards. It might also make a good takeover candidate.