Are you buying into this market?

With the US economy looking weak and looking to get weaker, the buying opportunities are here and now. They probably won't last long. My money says we'll bottom out in the coming weeks as all the bad news is factored in and buy programs kick in to start hedging for the eventual upturn.

It's just a question of when. Remember, it's the unknowns that determine where the market will go. What's known is already priced in.

Personally, I'll be doing a little buying myself. I have some gains and losses to reconcile. And a couple of classes of equities could use a little more balancing. By combining the two activities I can both prepare myself for better risk adjusted returns and minimize my tax bite for 2007.

To all in the US: Happy Thanksgiving.