The prices at the pump are going down across the country, but we are still paying more than 1 dollar per gallon as compared to this time last year. It’s nice to see gas under 4 dollars a gallon and I think a lot of us would be real happy to see gas go back under 3 dollars a gallon. The stock market still seems to have a few problems that is holding it back from really taking off. It’s possible we could see a surge in stocks this winter around the holiday season, but there is nothing there to indicate that stocks will be up for the rest of 2008.

The best thing is to continue to add our extra money into the stocks and funds we are currently invested in. There are bargains across the board on Wall Street and you want to add new money into your portfolios when stocks are down like this. People that are on the verge of retiring might want to hold off until things become more clear, but for most of us that have 10+ years or more until our retirement, can continue to be aggressive and if you are investing money you don’t need until retirement, now is a good time to show some of that aggression. The drug companies and technology stocks look like solid investments for the remainder of this year. The retail stocks look like a safe bet and I believe the banking and credit card stocks would be a wise choice to start focusing on more too. You don’t have to look hard for the bargains in the stock market; now if we can just say the same thing about the price of oil at the pumps!