Tokyo down another 10% and in a free fall at this point.  Every news station (except for O'Reilly) had the market as the top story.  People I haven't heard from in years are popping out of the woodwork to ask me about 401Ks and the losses.  Comparisons to 1929 and 1987 are fast and furious.  The whole world is spooked.

This is NOW beginning to feel like the beginning of a bottom.  Sure, I think we can have more moves to the downside.  We may even have another dramatic move to the downside within the next couple of months.  I might change my mind should the Dow break below the lows in 2002 (which are around 7100 for those keeping score), but until then, I'm convinced that this is a bear market playing out as a normal bear.  2001-2003 was scary, this one is no different.

I've been buying aggressively and will buy some more if we make another dramatic move down.  Admittedly, the dry powder stash is running the lowest it's ever been, but there's still enough for another round of shopping.

Keep in mind, this isn't money for a mortgage payment or to put food on the table, this is money that would hurt a bit (mostly psychologically) to lose, but no one's betting the farm here.  I recommend the same for anyone else.  Money in the market should be money you can afford to lose or at least be without for awhile without incurring a lifestyle change.