Near the end of the market drop and the beginning of restored confidence

We are closer to the end of this market drop than we were a week ago. Back in the Fall of 2002 through to March of 2003 we hit the bottom of about 7,200-7,400 level on the Dow. That is the bottom and with each day and another notch on the Index marking the time, we keep getting closer to the end of this market crash. As the Dow approaches the 8,000 level it will be a time to start selectively buying stocks again. We can all help shorten this downturn by the actions we take collectively. That means not over reacting to news. The volatility we have recently seen as determined by the VIX Index, are a result of investors emotional swings of fear and greed to the extremes.

Many have asked me when do I believe that confidence will start to return to financial markets. My answer is very simple. It's November 5th, if Obama gets elected President. If McCain gets elected confidence won't return for a very long time, years is my best guess. There are 12 days left before the election so make sure you vote early and avoid the lines in States where voting early is allowed.