Gary Kaltbaum is an investment advisor with over 18 years experience, and a Fox News Channel Business Contributor. Gary is the author of The Investors Edge. Mr. Kaltbaum is also the host of the nationally syndicated radio show "Investors Edge" on over 50 radio stations. Gary is also editor and publisher of "Gary Kaltbaum's Trendwatch"... a weekly and monthly technical analysis research report for the institutional investor. If you would like a free trial to Gary's Daily Market Alerts click here or call 888.484.8220 ext. 1.

This is just my opinion... so don't be mad at me.

Alan Schwartz is full of it. There is no way, shape or form Bear Stearns can and would go out of business just because of rumors. Give me a break. You cannot go out of business unless you put yourself in the position to go out of business. Bear Stearns made HUGE BAD BETS. Case closed!

The latest pin cushions are the short sellers. Lehman is full of it. Cramer is full of it. One is just making an excuse. The other is just making an excuse for horrible stock picking and horrible market timing. Bottom line...SHORT SELLERS are a small lot. SHORT SELLERS do not cause stocks to go down. In fact, it is the opposite. If a stock wants to go up it goes up in spite of the shorts and squeezes the short sellers. If I owned a public company and I knew things were going well, I would welcome all the shorts. They cannot drive prices down like these people say. So blame the short sellers for your stock price. Don't blame:

Funds leveraging up - some over 30-1.

Lenders actually enabling these funds by giving them the money to leverage.

Lenders giving money to people who couldn't make the first payment.

Borrowers who took the money even though they knew they could not make the first payment.

Rating's agencies that said everything was AAA...and only in the past couple of months changing their tune.

Analysts putting their heads in the sand (what else is new?)

Marking prices at THEIR OWN prices and TAKING fees for those fantasy prices.

Using off-balance sheet entities to hide the losses.

Underwriting billions of private equity buyouts at the top of a cycle.

Securitizing everything but the house toilet paper at any price and at any size.

Announcing billions in losses and saying there will be no more, and then months later, billions more amazingly show up.

Yes - it is all the short seller's fault that your stocks have gone down. You had nothing to do with it. You are blameless. You are cleansed of any wrongdoing. Keep up the great work!

I am incensed that the questions on Thursday were not tougher and to the point. Roger Clemens received tougher questions on whether he stuck a needle in his rear.

The market continues to hold the lows, and is slowly building off those lows in spite of more bad economic news. This is actually a good thing. I'm just taking things one day at a time... not trying to get too far ahead in my thoughts. This has been a brutally tough market and I think it remains a tough proposition even if we head higher. Based on the follow-through day on Tuesday, I have been investing quite a bit.

I continue to like the action in the HOUSING stocks. Yeah, I just said that.

I like the action in the RAILS and TRUCKERS, and while the COMMODITIES have teetered near term, I believe they remain in an overall bull market.

The bigger jobs report comes out tomorrow. For me, it will not be the news, it will be the reaction. I won't get in front of it, I'll will react to it.