Subprime is threatening to take every stock in its path down. It’s August. The financial media outlets can’t figure out what the market will do tomorrow. Rumors and weather pattern changes are causing stocks to plummet and turn on a dime. That can mean only one thing. It’s a great time to trade.

Call me crazy, insane, out to lunch or perhaps brilliant, but I love this market. It’s better than finding out that you’re the next contestant on the Price is Right. Come on down.

Traders love volatility and this market is serving it up like a grocery store with an overstuffed freezer full of meat that’s about to go bad.

Some stocks are showing similar patterns over and over. Others are bobbing up and down. Rumors? How about Beazer Homes USA (Symbol: BZH). Yesterday, on a wild rumor, the stock nosedived to $8.10. Then the alarms went off—buy, buy, buy.

The rumor was quickly squashed, and the stock rose up. Today, one day later, it closed at $13.04—about a 60% gain.

How about American Home Mortgage (Symbol: AHM)? I wrote about it two days ago (American Home Mortgage Implodes). It dropped 90% and closed at $1.04—down much lower at one point. In swept the traders willing to gamble.

Today, it closed at $1.45, but at one point it was up near $4.44. Traders were able to come in and make large gains quickly.

Smaller 2-3% gains can be had all day long across the board.

Let me close with a word of caution. While it might be feeding time for some, most should be extra careful. Amateur and underfunded traders can quickly get eaten up in this market.

If you’re an investor, this is a great time to shop around. It seemed like just a week or two ago I was hearing that it would be a dream to see Goldman Sachs (Symbol: GS) under $200.

Yes, Virginia, there is a Santa Claus. Goldman Sachs closed today at $187.46.