NEW YORK ( TheStreet) -- "If you are in the investment business and have an I.Q. of 150, sell 30 points to someone else. What you need instead is an emotional stability and inner peace about your decisions," Warren Buffett opined at a Berkshire Hathaway shareholders' meeting in 2010.Inner peace and emotional stability appeared to be in short supply on Wall Street the last couple of sessions. The keynote-of-the-day is more of the fiscal cliff paranoia that's taking the media by storm. This seems strangely familiar to me and smacks of all the fretting over the "debt ceiling" last year and the fallout from The Great Recession in 2010.
Feels Lousy, Sounds Frightening, but It's a Buying Opportunity
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts