There's no doubt at some point we'll hear someone talk about how the word for danger and opportunity are the same in Chinese.  I don't even know if that's true or not, but we are getting a long term discount.  Think about if you bought stock when the Dow was at 14K.  You'd be off a good bit by now.  I'm not saying wait to buy stock until things look really ugly because you'd most likely be missing out on some of the bigger runs.  But when the opportunity presents itself, there's no reason not to take advantage of it.  Is now the time to buy?  I don't know, that's up to you.  Maybe you're the type of person that likes to see an uptick or two, the clouds parting a bit before jumping in.  That's probably pretty sound.  For me, I never know the difference between an uptick and a head fake, so I like to buy on the way down and sell on the way up.

I'll share some positions I took yesterday for discussion when the smoke clears.  But let's just say that the plunge in GE over the last two sessions was too much to resist :)