| Market volatility is higher than it has been in a while. The major indices are in correction mode. Investors are wondering what's next. There is an old saying that the time to buy is when there is blood in the streets. That simply means to buy when the market is tanking, even if you are also taking big losses. It's mentally hard to do, because the tendency when you are taking huge losses is to preserve what you have, not to buy more. Looking back, fortunes have been made by following this advice. Market declines are always followed by market advances. But hindsight is perfect. We can see what happened if we bought at the bottom. However, in real time, we don't know where the bottom is. The problem with the pithy saying is that just because there's blood in the streets doesn't mean more isn't on the way.
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