Bad News Bargains

I know this could sound callous, and I don't mean it to, but all the bad economic news has created bargains everywhere you look. Stocks (of good companies) are cheap. Banks are offering suprising high rates on CDs and retailers are offering incredible inducements. I am down in Florida as you read, and restaurants are offering meals for 50% less than the last time I visited a couple of months ago.

The takeaway message: If you husband your money in good times there will be wonderful opporutnies when things turn bad (as they invariably do.)