You gotta love it!

Who amongst us doesn't love this market? I think it is absolutely fantastic....as long as you have the fortitude to stick with the roller coaster. I sincerely think that if you try to time this market you will get hosed. That is why we stick with the plan...take our profits when we have them... don't get greedy!

Another great reason to love this market...where else can a comment like this one sent the market on a massive 5% tear (D.Kohn):

"The increased turbulence of recent weeks partly reversed some of the improvement in market functioning over the late part of September and in October," Kohn said in remarks to the Council on Foreign Relations.

Huh? At least the computers all interpreted that the same way...rate cuts on the horizon. Speaking of which, I am not so sure about this market after the rate cuts. Then we get into end of year selling and more bad news on the mortgage front...kind of makes you think it is time to start looking for that exit point on most stocks...pocket those profits and don't wait around for the next wave of bad news...and then buy the drop...hmmmm

Buy: Also, I should note here that I did go and buy Apple (AAPL) at $160. The price target is ~$210 so there is ~30% upside there. It is already at $185 so hopefully that won't take too long.

Hold: And what about GOOG...some analyst came out and put a $900 price target on that baaaad boy...jeez! The official price target has inched up again to $760...go GOOG!

Buy: I bought some Genesis Lease (GLS) here at $18. They specialize in leasing jets to airlines. It has about 35% headroom to target and has a whopping 11% dividend! I really like this airline lease story since the average age of their fleet is only like 4 or 5 years old. Kind of reminds me of Southwest, Frontier and JetBlue when they started...keep the planes young...minimize repair costs...more fuel efficient jets. All good. Also they are extremely diverse with planes all over the globe so it is not a local play. Even if we just hold...11% sounds good to me ;-)

I have more but am out of time...