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It's easy to get lost in all the gloom and doom of the approaching "fiscal cliff" these days with constant reminders all around us. There's even a counter on the MarketWatch.com site that tolls the days, hours, minutes and seconds as we irretrievably march closer and closer to the precipice.

But if you're a trader, you ought to be jumping up and clicking your heels right about now, because this is exactly the kind of opportunity you ought to be looking for. After all, downturns like the one we've been experiencing pave the way for incredibly profitable trading opportunities down the road.

The best traders look for market inflexion points-points at which the market indexes are setting up to sharply reverse directions- and seldom has an impending upside market move been so clearly advertised.

The start of the upturn in March of 2009 took place with little fanfare, and in the process, caught many traders completely by surprise. None of the pundits, hedge fund traders, or TV commentators could bring themselves to believe that the market had bottomed out, and would ultimately lead to an ~87.6% rise in the S&P 500- taking into account the index's current levels.

THIS time, we've got everybody and his brother sounding the alarm, so there's no excuse for missing it.

Now I know some of you are thinking to yourselves "What if we go off the cliff? What if our leaders can't come to any kind of agreement?"

Well, if you're one of those who believe the prophecy of the Mayan calendar, Nostradamus, the Web Bot and the Hopi Indians that the world will end on December 21st, then the debt-ceiling deadline won't matter anyway!

If, on the other hand, we're still in the land of the living, then I've got to believe that there will be some kind of resolution- even if it results in a decision to kick the can further down the road.

And, if you're sitting in cold, hard cash (as you should be) at this point in time anyway, you'll have either 1) Money to buy provisions: food, water, Hostess Twinkies (whoops, forget them!) etc. in the event of a disaster, or 2) A lot of money you can put to work buying top quality stocks to generate big profits when the stock market starts to recover.

So, what are your thoughts?

Source: The End Of The World (As We Know It) Or Resolution To The Fiscal Cliff?