i smell blood

There will be blood on the market if the short-term trend continues. I'm not much of a technical analyst but that much is easy to figure out.

Following the latest data on corporate performance, I'd say were going to see largely oversold stocks.

The old saying goes "buy when there's blood on the market." As we don't often see moments where its that bad, I think those of us who are liquid should count ourselves fortunate to have a good buying opportunity coming right around the corner.

For those hanging on to portfolio's in the redline, it will be agonizing. I think the key would be to keep emotions out of the decision making.