I was traveling all day weds and got stopped out of my short positions when s&p went above 930. I will back tonight and plan on spending a lot of time looking over things this weekend so expect a big article then.

I got stopped out of my spy short position. Will have have more thoughts and comments Monday morning.

First off airline stocks dipped yesterday and I got a flood of emails from people saying should they sell? Should they buy? Should they double down etc.

I cannot tell you individually what to do. I'm not a registered investment advisor and can only give advice very generally - that applies to me and everyone else so it can't be tailored to your own personal situation.

Chaos and uncertainty rule in this market. People are scared and are in a panic. I'm sure you feel it yourself, especially if you have 401K's or other long-term investments in the stock market.

On Thursday the DOW fell over 300 points. I made a killing on my short stock trading positions, but gold stocks fell hard too. Luckily I got stopped out for a small loss the day before, but nonetheless I don't like seeing gold and commodities drop at all here.

From its July intraday low to its October 9, 2007 intraday high the DOW has fallen 20.5%. A lot of commentators on television and the Internet are making note of the fact that the DOW is down 20% and saying that this is "bear market territory." Some are saying that this means it is the time to buy, while others are saying this is proof that we are now in a bear market.

It has been almost ten full months now since the Fed first lowered interest rates. If you remember at first there was a lot excitement over the Fed cuts. The DOW and Nasdaq rallied to new 52-week highs a few weeks after the first rate cut in September.

On May 24, 2008 I filmed a series of videos about the bear market. I have been posting them every few days since then, but am posting all of them on this page so you can find them in one place.

Part 1 - Summary