Dear Stock Market Blog Readers,

The time is now 3:20PM, Thursday October 2, 2008. The SP500 index is at 1116. Our proprietary analysis indicates that the market is at (or near) a short term stock market bottom.

We are starting to build a long position in the stock market.

Also a reminder of one of the key rules of investing: "be fearful when the majority is confident, and be confident when the majority is fearful".

The stock market is testing the lows of Monday, and is forcing the house to pass the bailout bill. A rally is in the offing starting tomorrow Friday.

To your profits!

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