More Opinion by The Springboard

THE UPRISING OF THE AMERICAN PARTY "Clearly the voters are engaged right now, at least for sure on the republican side, and what they have concluded is that the republican party has not done their job. Thus, Donald Trump gets their vote."

Wednesday, September 24, 2008

COME RIDE THE MARKET CARNIVAL RIDE

I think it's becoming more and more clear that the rest of the year for the stock markets is going to be a virtual carnival ride. We are seeing obvious signs of capitulation, and I think the market is going to go lower. Before I said I didn't think we'd see Dow 10,000. Considering that we're only 800 points from there now, and the market has taken some recent huge dumps, dropping at times up to 400 points in a day, 10,000 points doesn't seem that far away anymore.

That said, I still think this market ultimately will provide an amazing and, for many of us unseen before, opportunity to make wild profits once things quiet down a little bit. Historically the best times to buy stocks were after the infamous crash of 1929, the crash in 1987, and after the September 11, 2001 terrorist attacks on the Twin Towers and the Pentagon. Markets inevitably must go through cycles. Reality has to, at times, hit the fan. Once that's over, though, there's definite money to be made.

Of course, it's anyone's guess exactly when we'll see the bottom, or when things may begin to turn around. I think you can still buy some good stocks in this market if you have a long term investment goal. But considering the market is going to go lower, it may also be a good idea to wait it out a little bit. When the market starts to stabalize and we get a couple of good solid weeks with positive gains in the Dow 30, then we might be able to shop around and take advantage of some good deals.

In the short term it will be interesting to see what impact Paulson's and the Fed's plan with regard to the nearly $1 trillion bank bailout, and its temporary ban on short selling certain stocks, will have on getting the freefalling market supplied with a parachute.

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