Im not picking on anyone here,  and I’m sure most to all of you will disagree with me on this one, but the time to buy stocks has come. Is tomorrow the bottom? I have no idea.  For all I know we may bounce sometime this week or next and then make new lows next year. Great. I don’t care.

All i know is Ive got my list together and its time to put it to work. I will be focusing my buys in two general areas. Natural gas stocks and Preferred shares on Financials.

Todays market showed plenty of signs of capitulation and it should be worse tomorrow. Puts calls reached 1.7 and the vix is back in the 30’s. You get the vix to the early 40’s and we will really be talkin.  Plus the pullback from last years highs is almost 50% from the 2002 lows, yet another good sign.

Heres my list

SD and MCF in the natural gas sector.

In the financial sector I was really impressed with the CEO of WB.

Im going to buy preferred shares in WB, AIG (which will be down sharply) C and MER. The Mer preferred are definitely money good now. I will also add to BAC as it comes in.