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This is the time to buy blue-chips for the long hold. I've picked up several (GE, Microsoft, BB&T, Wells Fargo) with the idea that I won't sell anything for at least 5 years. The dividends alone in that time should pay for most of the sale price anyway.
I sincerely doubt that the end of Western civilization is upon us and that the stock market will cease to exist.
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"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." - B. Franklin
"There ought to be limits to freedom." - George W. Bush
"We have met the enemy and he is us." - Pogo
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