The Big Sell off may be beginning

As I anticipated recently, the bear market rally has been crushed today and may well carry on for awhile, providing some great bargains for great companies.

I'm watching the following very carefully:

• LYG (actually my bid was filled today at $29.50 but I'd buy more with the 13% yield)
• MKL (have a bid in for $399)
• HHULF.PK This is a logistics/real estate/container handling company that operates the Port of Hamburg. More on this intriguing opportunity later.
• BBSI
• MCO
• AEO
• LM
• AXP

I've sold GGC for a considerable loss and am fascinated to see that the price/share actually went UP today when almost every other quality company has taken a dive. GGC is teetering on the brink of bankruptcy and is just edging it's debt covenants. Go figure.