Kevin Duffey at 20smoney wrote a great blog yesterday. He says:

“Let me begin by saying the stock market is crazy. Nobody can deny that. However, everything causing the fear in the markets today is already done. What’s done is done. The right perspective is not on how to get away from the ugly market; the right perspective is on finding the next BOOM.”

To say the market is crazy is a slight understatement to say the least. However, the smart investor always looks for an edge. In every market there is opportunity and this is no exception. Equities across the board are down. While we may not be at the bottom, we are low. So now is the time to look for possible buys. You just have to be prudent. In the blog, Kevin quoted Warren Buffett as saying:

“Be fearful when others are greedy, and be greedy when others are fearful.”

People are scared to death. They are running from the markets. So, where should we be running to? I honestly believe the energy sector is the next big boom. Lets look at the situation. Fuel prices are extremely high. Supplies are low. Here in the south we are barely able to keep fuel at the gas stations. Here in Knoxville, it has been impossible to find any of the premium grade fuel for over a week. Plus, as Al Gore keeps pumping out movies telling us we are going to destroy the Earth, more and more people are trying to go green. Then, there is that little thing called the War on Terror. It motivates us to get off dependency of foreign oil.

This drives us towards two things. Getting more domestic oil now, and implementing green sources of energy. Next week, I will write about both of those as potential investments. We will look at the pros and cons of each. The time is now to start looking for investing.

-rebel