Nikkei <10,000, down more than 40% in 18 months. Russia & Brazil down 60-75% in a few months Commodities and commodity stocks annihilated VIX at 2001-2002 peak levels S&P off 37% in one year earlier today, coming down pretty much to my 1000 target level from earlier this year Buffett buying big Fear rampant The Pope, Church of England, Jim Cramer, and random Italian policemen turning bearish People I know who are stock amateurs have freaked out and sold everything. To me this looks like a great buying opportunity. I'm 80% long and will be 100% long by the end of tomorrow. I also think we could see a short-term rally tomorrow/wednesday, so I'll step up to 150-200% long intraday if I get a nice signal for a rally. But going 75%+ long here as a position trade/investment looks really sound.