I woke up expecting the worst, and was not disappointed.

After a horrible day in the foreign markets, the federal reserve panicked and did an unannounced rate cut. This, of course, helped to push a jittery market down even more. At last check, the DJI was down 2% and the blue chips look down between 2 and 5 percent. (It also pisses me off, because it further degrades my savings income.)

If we weren’t in a recession before, we sure are now. And even if we aren’t in a recession, everyone will think that we are, and therefore act like we are. Great, isn’t it?

And while many are selling off and talking of the end of the world, I’m buying. Give me an order of Altra (people love smoking), and a helping of Kraft (people love eating). Come on, folks. While Kraft may be at $29 now, it was $34 only a month ago. And it’s not like people are going to stop eating, no matter how expensive food gets. All you have to do is wait for it to pop up again and you’ve made 17%.

And lets look a little at history. Even after the “crashes” of the late 80s, the market was back up, and making more, only a year later. You just had to wait out a year and you were back in the black.

I’ll put my money where my mouth is. Here are orders going in today:

Altria (MO) @ $74
Markel (MKL) @ $404

Next week will be a dash of Kraft, and maybe some Procter & Gamble.

Why? Because I believe in our (often fucked up) American system. I believe in a country, for all it’s faults, that makes private enterprise possible. (Try starting up a company in most other countries–heck, even PR! Good luck with that.)

But-but-but–the weak dollar! But-but-but–the Chinese! You know what I say to the weak dollar? I say it makes our products more attractive. You know what I say about the Chinese? I say they are a huge fucking market for my cheap American goods.

Heck, it’s a great time to be a ”computer guy” in America. You speak English AND you are dirt-cheap, from an outsiders perspective. Why more U.S. companies aren’t selling their IT services to Europe is beyond me. There’s gold in those hills, as long as we can maintain a tight grip on inflation at home.

So quit bitching. Quit feeling entitled. Get out there are do something. Go after those emerging markets. Either way, we’ll check back in a year and see how my MO and MKL are doing.