The next step

So where is the bottom, and where do we go once we hit it? Questions in everyone's mind, i am sure. After witnessing the most wicked downward spiral of the financial markets in recent memory, I find myself thinking about one thing: how can i capitalize when things turn around? (i think we can all agree that they will).

Lets start with that 401k. Before the day is out, i will be exiting my conservative bond funds, and getting back to my aggressive style, starting with the Vanguard Energy fund. It's expected that when OPEC has its annual holiday meeting (between Thanksgiving and Christmas), they will severly cut oil production to bring oil back to the $100 level, because they are losing billions upon billions as it stands now in this global turmoil.

As for stock plays right now, i like those sectors who have no exposure to this mortgage mess, and are down merely because of what i like to call "general conditions." I would put Tech at the top of this list, and I like AAPL and IBM to begin their run back to greatness. If you're willing to walk into the fire that is Financials, here's my big 5: JPM, BAC, WFC, PNC, BLK. And finally, keep this one fact in the back of your mind: MSFT has a ton of cash on hand, and we all know how they love M&A, and what better time for M&A for a company that has the capital to do it. I think RIMM could enter their radar real soon.

So come November, lets hope we put a good man in office who can right this ship that is America.