Watch the VIX. We're in spike territory. A mini-panic could cloud valuations. So if you've done your homework there are bargains out there on a dip. Also... Europe is an evolving story... if it gets a temporary resolution look for a quick turn-around for risky assets.

(Minor Edit: I should be clear here... I think buying any junior when the VIX is still rising could be dangerous and I am waiting for some sort of signal that it is turning around before jumping in on a solid story with a falling stock price. Happy Hunting.)

I would be curious to know what folks have on the watchlist. (Let me know below or send a message.)

A.

Article...

http://www.bloomberg.com/news/2011-06-20/europe-fails-to-agree-on-greek-aid-payout-pressing-papandreou-to-cut-debt.html