There’s a huge medium-term buying opportunity brewing. I wouldn’t pull the trigger yet, but now is when you put together your “buy list” of undervalued stocks. Target good companies with solid profits that have been unfairly punished with the rest of the market. Nothing with subprime and Alt-A exposure, but stuff like AA, MCD, BUD… even GE, which does have financial exposure, but is a good company with a long history.
At some point, the knife will stop falling, and it will be time to buy.
