I think anyone is crazy to be buying now. Yes you could be a hero. You could make a lot of money. Or you could catch the proverbial falling knife.

I will be buying when I see a clear bottom. Today, I'm seeing a market that is teetering on the brink of collapse, not a bottom.

Personally, I don't have the fortitude to put more money into the markets with only a few exceptions. I would buy physical gold and CEF if I see gold drop immediately following the passage of this bill tomorrow.

I will buy PUTS on all kinds of consumer discretionary items if the market rallies (or not) following the passage of the bill tomorrow.

I will buy New Gold warrants that are good till 2012 if they'll sell them to my stink bid.

But I won't buy a junior.