Financial Chaos!

The markets are burning! Everyone is going bankrupt! Buy? Buy? Buy?

Yes, I'll say it now this is a good time to start new positions. Banks and investment banks are going out of business, but the remaining ones will be stronger on the other side. I wouldn't buy the cheapest stocks; instead, think back to when times were great. What companies did you want to buy that were wide moat and have great pricing power? Those are the stocks you should be buying.

I've been buying Google (GOOG), Goldman Sacs (GS), Diageo (DEO), General Electric (GE). I want JP Morgan, but its still too expensive for me. These companies are stocks I've always wanted, but were always too expensive. Today, warren buffet made an investment in Goldman Sacs, so obviously some great investors are seeing good deals in the market.

Buying when things look bad is scary, but buy the best companies in the world and you'll be in good hands. It doesn't make a lot of sense, but I guess that's why its chicken cents.