David Sharek

This is taking longer than it should have. The correction should be over. Instead we sit and wait it out, during a long hot summer.

I made a mistake not investing in oil or energy stocks during the last year — those were the only safe havens this year as Commodity prices rocked more than 25% higher.

Although only the NASDAQ went into bear territory, investors panicked and sold their stocks in anticipation of the looming recession.

The top tech stocks are the best investments in the stock market right now. When Google beat expectations last month it was clear technology was not going get pinched by a weakening economy.

Google is plowing money into new technologies as core revenue slows, which could mean flat profits year-over-year. I’m not saying this worst-case scenario will happen, just be prepared.

Should we stay or should we go — that’s the question right now. Maybe we should sell our stocks and move to cash. Not take any chances.

Although it’s popular to believe you can’t make money in the stock market during a recession, the truth is there are plenty of areas to invest in that could prove to be very profitable.

Last month I bought two stocks in the Growth Portfolio. Both were Chinese companies, one was a solar stock. Overall, I think 2008 will be a mirror image of 2007.