2. Based on the following paragraph, answer the questions that follow.

“The time to buy stocks is when blood is running in the streets,” said one famous investor in the early nineteenth century. The market currently (i.e., in 2008) is down so, should I begin buying stocks, given that I am a long-term investor? It makes sense, despite the fact that my guts tell me “sell,” and also because down the road the market will rebound anyway and so I will not regret it. I should not fear the temporary market swings. My advisor also is recommending that I do not sell but start buying.