As I watch the panic driven decline of the stock market I remember a Great uncle that I never met, my Great Uncle Mac, the husband of maternal Grandfather's sister. Uncle Mac was born in the late 1800s and was around in the Crash of 1929. Now he somehow had some money and he went "bargain hunting" while panicked people were unloading stock at ridiculously low prices. He obtained an enormous amount of stock in Caterpillar for less than 10% of its earlier value and held on to it.
World War II hit and Caterpillar was a major contractor in the construction of tanks and half-tracks.
Uncle Mac was suddenly very well off.
I was fortunate enough to get rid of my stock in June of 07 but now is the time to buy, not sell.American Power
is of a similar mind.