Markets Pummeled; Gold/Silver Clobbered

The baby, the bathwater, everything is getting thrown out the window. I would like to go long here, I really would but I think Europe and global banks imploding is kind of a big deal(not to mention the economy stinks to high heaven). The market will rally I'm sure of it because dead cats bounce but I'm not smart enough to pick the bottom, nor am I smart enough to sell the top. Still just watching.