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A tried and true market timing strategy followed by many with measurable results

This market is driving me crazy. Yesterday's major moves just seem out of synch with realities. Things are not that good. The market should be heading down not up. I know market timing is an impossible thing, but once again I am drawn kicking and screaming to that one certain rule -- "I can't stand it any longer."

It just doesn't happen that way. This is not a bear market. Sure, you can point to the credit markets (but problems there were fully known when Dow hit 14000), but where are the weak corporate profits, irrational overconfidence, etc.? Something is wrong.

Although for some time now many thought Merck was an easy short, given Vioxx and the large number of law suits and settlements before it, the company had a strategy in place to rise again. And, rise again it did. It fooled everyone as its stocks withstood the shocks and has been coming back ever since. Today, one has to have a head in the sand not to see the possibilities of this company – in spite of the suits still before it – AND its new directions, guaranteed to bring in big bucks for its shareholders.

With the market playing out its fears, there are a number of particularly good buys at this time. The safest and one of the best is Exxon Mobil. Not only has it dropped from about 93 to the mid- 80s in the last two days (Thursday's drop was the biggest since 2002), but it came in slightly below expectations for the quarter which fueled concerns and contributed to its decline. This is a great opportunity. It is just such an obvious play at this time, and it stands ready for impressive upside movement in the days ahead.

Casule bedrooms in London's Gatwick airport are just the beginning of something new. A brilliant entrepreneurial idea that will sweep through the airports of the world in short order. Just when you think the next great idea will be hard to come by, think of a private bed just feet away when flights are cancelled or delayed and you are far from home. I have nothing to do with this emerging company (Yotel), but I am sold on the idea. Who wouldn't be in today's dismal air travel environment.

Cisco looks like a massive winner here. Look at their 4th quarter results and guidance.

We are going to see a period of hyperinflation very soon. The only way that the government can finance a deficit which is 80% of GDP is to erode the value of the dollar. How do you protect yourself?

Everybody is scared and upset by the tragedy in the Gulf, but Congressional Democrats are behaving irresponsibly.

Today was a very exciting day across all markets globally as the 200 day moving average was breached to the upside.

Joe Torre turned down an offer to stay with the Yankee's for $5 million, with the possibility of making an additional $3 million in bonuses if his team reached the World Series.

Our government has debased the economy to remove moral hazard for a handful of banking insiders. This type of activity occurs frequently in Third World countries and is met with real rage. Where is it here?

Hank Paulson made a series of bad choices when he changed the focus of the $700 billion TARP. Here is what I think happened.