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JL: But aren t you concerned that weakness could continue to send prices lower? There are so many phrases that come to mind, like catching a falling knife or stepping in front of a train. I m not convinced the big capitulation has happened yet.

CASH: Of course that s a concern and I m definitely not talking about buying blindly. Being cavalier in a catastrophe is nothing short of gambling. But selectively picking up quality stocks at fire sale prices yields the potential for huge gains.

JL: So I assume you ve got the picks in mind?

CASH: Actually, I ve figured out a way to outsource the process.

JL: Say what?

CASH: I know it sounds funky, but hear me out. This is an idea that could make sense for readers too. I m talking about picking up a stock (a relatively new issue, surprise surprise) that will benefit from the upcoming surge in IPO pricings that we ve been anticipating for the past couple weeks. This company actually holds positions in many of the firms that will sell shares to the market in 2008 not to mention some of the more recent issues that could spike higher when the market turns.

JL: Sounds like an IPO incubator or something. I d guess it was a private investment, except you talked about picking up a stock.

CASH: The company is actually the king of private investments or private equity, as it s referred to on Wall Street. I m talking about Blackstone (symbol BX on the NYSE).

JL: Blackstone! You just made me spit out my coffee! Well, almost.

CASH: Heh. I know you re not crazy about those guys