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I will add to Bears statement that most of the gains in equities that I am left with are those that were built up in 2003-2004 time frame. It takes 5-8 years for a reasonably well diversified portfolio to reach stability and start growing decisively.

The stocks like STL that have fallen 75% are undervalued by far more than 3x. So the original prices is still an undervalued one. This company has cash close to its market cap. In a normal economy this number is 5% or less. It is selling for peanuts indeed. Similar if not the same is the case for many others. Certain companies are damaged goods and they have been sold. There are a few others in danger like AIB but the story is not over yet.

Even if you leave the service, you may want to hang on to some of these stocks as most of them are quite good.
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