I bought some resource shares last November and many have doubled and tripled in value depending on which you bought.
The Newmont Mining`s of this world have doubled in value since November and the more speculative exploration companies have gone up 3 times from their lows. So in these stocks I am not particularly interested in.
But I have been buying some banks here and there, for a trade. If I look at Citigroup, it dropped from 57 to 1 dollar. It is around 2.5 dollars now and can easily rebound to 5 dollars a share. If it will go down to zero after that its another story.
All I am saying is that these companies have been decimated and they can hand over they lousy assets to the government, to the taxpayer. And they stay with some viable businesses where they can increase fees and again cheat the taxpayer.
