This is a down market.  Two 200 point down days in the first four trading days of 2008.   The job numbers are weak and we're headed for a resession.    The Fed is behind the curve.   

So either your a long term investor or your in cash or your holding PUTs on almost everything.  My indicators are all negative.  But a bottom may be approaching quickly.   Once, the market gets oversold, we'll have a nice bounce.

So, our strategy at Lighthouse Capital Advisors is to buy PUTs on indices and stocks and buy CALLS on some of the strong stocks and sectors.   We're long MOS, ATW, VIP, TRA, ORCL and short SPY, JCP, OSTK, RTH.      So we made 1% today.   Not bad for a conservative approach to trading.

We hope you are trading smart.

Have a great weekend.   We are looking forward to a January thaw this weekend, after a few days of 0 degree weather.

JB  

Can't agree more with you Jim.  I am also long MOS, VIP, TRA.  Just bought some DBA.  Am watching MOO.   Been moving in and out of dividend paying stocks, BIF to name just one. 

Everytime I go to the store, things cost more.  Inflation is here, but people need to eat and keep warm.  That is taking away money for other things.  Trying to get into good companies that supply that type of stuff.