The answer to the question is "NO". Selling low, then buying high when the market recovers, is not an action that will make you rich--or happy.

I DO believe this is a time to look for companies in your portfolio that may have dropped in price before recent downturns because of adverse news or reports and look at the possibility of selling them to raise cash. If already down in price, any additional drop because of market turbulence might be small. If so, selling would raise cash which could be used to buy better companies during this time when the babies have been thrown out with the bath water.

After experiencing the last crisis (previous to this one), I can't agree more with Doug. I wasn't investing, nor do I have a lot of money to invest now, but experiencing all these give me a good lesson -- I should learn to invest. I thought of buying amazon more than a year ago, and if I watched Doug's interview on 'Amazon vs Walmart' and did buy it, I could at least have a little money for investing now..

Doug, when's your next interview I'll definitely watch it!