JJC:   Why did I come out smiling?... You know why!... You know why!... Because it's happening again!...

Everybody else is way too negative!   Short-term, we're too negative.  Long term... no doubt about it, we've got some problems...

We had a tremendous plunge in all the commodities today, along with all the financials... a lot of other stocks...

We took down a lot of good stocks today, that don't have anything to do with Bernanke... that have nothing to do with the United States economy... that have nothing to do with consumer spending...   That's how I know we got too negative...

Now, I have no doubt that some sectors are in real trouble...  Now, a bunch of companies need to raise cash, because they're on life support!...

There's carnage out there!... And, as long as housing continues to depreciate, things are going to get worse...

Don't forget, the most quickly depreciating asset is in your wallet... or in your cash reserves... it's cash...  It's this.  This is what's depreciating in yield.  And what we heard from the Fed today is that it's going even lower.

So, how can you not consider stocks with higher dividends here?...   Or with bonds?... 

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We are at levels that we always see - in put buying and shorting - at bottoms, not tops.  I believe that, tomorrow, we will be very oversold on things that I use...

We've got so many people shorting, no one thinks that anything will go right...

Nothing good is priced into this market!   Anything positive will have a huge impact!...  I like that...

You know the bull markets!... They're ag... they're defense... minerals... oil and gas... healthcare cost containment.  They're still bullish!...

You know I think the dividend yielders are making more sense than ever, with cash rates going down... for cash. 

You know the negativity...  I am sorry, but this decline, and this amount of negativity says that, if anything good happens, you're going to catch a rally!...  Buy, buy, buy!...

Think back to January...  We got the same level of negativity then.  I advised you to buy a little... I said that you should buy some of those bull market stocks...  You made great, great buys, if you listened...

I am telling you that this could happen again...

When the Fed is saying everything bad...  When the Fed acknowledges that things are going to get worse...  that's what we've wanted...

You can't run from the market.  You should be running to the market when Bernanke understands the gravity of the chaos, and the carnage that he's caused by being really late!