How afraid are you?
I ask this question because the best times to buy are when your stomach is churning, your palms are sweating and you can't understand why prices are where they are (of course the opposite is true when the market is at a high - you're basically thinking investing in stocks is easy and you should have put a lot more in the market!).
I must admit to feeling a little complacent. I wish I felt worse. I think it is because I have done okay over the past year and I'm not hurting enough. If I were losing a lot of money, I know my stomach would be churning etc.
I have been taking advantage of lower prices and bought Oracle and Genworth today. I think both are good value, Genworth is cheap but risky. Also, some very respectable fund managers have decent positions in both. I still have some dry powder to put to work if prices continue to fall but I'm hoping we're close to support here.
Have a great day!