So what the hell was that? Some unknown Investec analyst makes a comment about Glencore and the mining world goes to pot, bringing down global markets with it. I know commodity prices have been hit, but yesterday was a completely man-made Armageddon and thank goodness markets are not always so stupid.

Glencore, which admittedly is still a long way off its listing price of 2011, came back nearly 17% in London trading overnight and our market has had a strong start this morning and I’m pretty confident we’ll end today up.

I know the newspapers always report the bad days in the billions wiped off the market but I take that stuff with a very big grain of salt – where are the billions ‘wiped on’ the market when it rallies?

Now what am I doing in these markets? Well if I didn’t already have a fair chunk of BHP I’d definitely be buying that and other smashed up blue-chip resource stocks.

Regular subscribers to the Switzer Super Report would be very familiar with my buy on dips strategy but what does that really mean? If you’re already fully invested it doesn’t mean selling what you have and buying more, what it does mean is that if you do have extra cash to invest – and most super funds in accumulation stage are getting extra cash each month – and you’re not fully invested across certain sectors, then you should be looking around for cheap blue-chip stocks to invest in.

Past performance may not be an indicator of future performance but I am pretty confident that the S&P/ASX 200 will get back to our previous high of 6800, or 6300 taking into account the massive equity raisings at the time. That means stocks bought cheap now, will bring their owners profit over the long-term.

And that’s where SMSF trustees should be looking – the longer term. Without discounting the fact this has been a very rocky few months, it’s important not to get too hung up on the short term market movements, and instead focus on investing for the long-term. Which is why today I’m focusing on the long term by offering three bonus months with a subscription to the Switzer Super Report.

Instead of the regular 12 month subscription, you can subscribe today for the same price of just $397 and receive a massive 15 month’s access to the report. Throughout your subscription you’ll receive exclusive access to some of the brightest investing minds in the country, including Paul Rickard, Charlie Aitken, Geoff Wilson, Anton Tagliaferro and many more.

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• receive three weekly reports delivered straight to your inbox filled with actionable investment ideas and recommendations,
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Click here to subscribe or call 1300 793 893 to speak with one of my colleagues.

Founder and Publisher of the Switzer Super Report