SECOND GREAT DEPRESSION

VP Candidate Sarah Palin told CBS's Katie Couric that another Great Depression could happen. We have Hank Paulson and Ben Bernanke warning of terrible consequences of not passing the proposed Bailout Package. Google Trends is showing that the search for "Great Depression" has spiked in recent days.

This is all perfect political Kabuki. The fact of the matter is that before the Great Depression occurred, no one even knew what a "Great Depression" was. Sure they had some pretty awful downturns and recessions, but it was not called a "Depression". It only became a Depression because policy made it worse.

The fact that the Net has become abuzz with depression-talk tells me that we are in a hysterical phase. This is generally a good time to buy stocks.

So I am waiting for the Bailout to disappoint people, and then I will be a buyer of stocks.