It’s 11:24 AM on Wednesday, November 7th. The Dow Jones Industrial Average is currently down 323 points, or 2.44%. The headline banner for the on-line Marketwatch: “Street gets slammed…Dow below 13K as fiscal-cliff fear spikes.” Gosh – why didn’t I predict that? Oh – I did! Refer to prognostications in day before the election post…

I guess you get to a certain point in life and it all just gets too obvious…but not being one to get stuck in dwelling on the here and now negative, this is where we go from here!

Y’all have to trust me that we’re going to have a rather bumpy ride from 11/7 to 12/31. We will continue to have a serious decline in market fundamentals and there will be a fair amount of – as we used to say in Georgia – “jaw-jackin'” about it all, but one must make hay while it’s raining cats & dogs.

Now is the time to take that cash you accumulated over the past six months (you did accumulate cash, didn’t you?) and start looking for value securities to invest in. I’m talking the stock market, dear, not the bond market. The bond market is beyond my comprehension, as it seems so counterintuitive.

If you’ve really got guts, start doing options…I myself am fairly ignorant on this ground, so I will spend the next month or so looking for assistance in using what I believe are called “covered calls” and “puts” to learn about options and try to make some money out of all this uncertainty. Otherwise, stick to your knitting, and just look for good stocks whose prices are depressed because of all this brouhaha…love that word!

Interest rates aren’t going anywhere, so there’s no issue there…no inflation, no looming disasters other than New York and New Jersey being punished by the weather Gods…so fasten your seat belt, and ride it out!