Now that we're past the holidays, and we have all the election and campaigning behind us and with the upcoming inauguration. I'm anxious to see what's ahead.

My money says we will have more volatility as optimism and hope are replaced by the reality of the economic downturn. Of course, smart investors aren't overly concerned with volatility, because they know to sit tight and weather the storm.

I also think there's a lot more downside to this market.

This is a different kind of downturn. Many investors have never seen anything like this before. This isn't like the pullback in the year 2000. That downturn was all about returning stock prices to realistic levels from unrealistic valuations. The economic dip that accompanied it was quickly absorbed by our relatively robust economy.