If you want to make money on the stock market, today

Today will be a bear market. The stocks will continue to fall for the next few days, and possibly crash completely. The level of risk, you wish to take, as a bear, is up to you. Unfortunately, as a bear, your level of exposure is also unlimited. However, the game that the Bush Republicans played - failed miserably. Two hours ago China downgraded its debt rating of all US Debt.

The Chinese official statement regarding the rationale behind their downgrade of US Debt:

The two parties acted in a very irresponsible way and their actions greatly exposed the negative impact of the U.S. political system on its economic fundamentals..

Our downgrade simply reflects reality... it was the inappropriately high ratings for the U.S. by Western agencies that had led China to make risky investments in U.S. debt

- Dagong

I would bet , right offhand, that the crash will be on the order of around 300 points today. And over the next week, push the market below the 11,000 mark. After that, it all depends upon traction and an already weak recovery derailed by the Bush Republicans. Again.

Who are, at this very moment, are seeing their Corporate Paymasters making money out of all of this, by shorting out our stock market. Again.

There is a reason why, over the past 20 years - corporate profits have risen 300 percent and wages paid to employees.. have only risen 10 percent. I'm off to go get some Chinese food. Should be a fun day on the markets today. If you have the nerve, short it.