Tumble, Plunge, Plummet, Bailout...Words You Don't Hear at Market 'TOPS'

This is not a bottom call.

Dick Bove infamous and despised now by me for calling Citibank (C) ‘The Byy of a Lifetime’ back at $22 on CNBC is probably out somewhere saying it’s now the buy of your grandchild’s lifetime and the buy of your lifetime is now Fannie Mae (FNM). Once twittish statements like this completely disappear from CNBC and major financial publications, we can truly work on a good bottoming process.

It’s also not a run for the hills, get to cash call. I gave most of that speech at the end of January and have been light since most trends ended than.

BUT, as I wrote a few days ago when I took off any remaining shorts (unfortunately), it’s time to focus on the wreckage with a better attitude and a clear head. I’m just not wired to be a long-term short seller or bear.

Today’s headlines at every financial site use the words in the blog post title. You just can’t panic at a time when Plummet is all you read.

I can’t help but lick my chops for the opportunities.

I don’t need to be early though so I build lists and make venture calls, look through business plans, scan porn sites and answer hate mail.