Updated from 7:07 a.m. EDT

By Stockpickr Guest Columnist Glen Bradford

If you believe in the efficient market hypothesis, you can click the back button on your browser. If you believe that Warren Buffett makes his investment decisions using a Magic 8 Ball, click back. If you believe that you can never take advantage of sales at the supermarket, click back.

Panic is irrational by definition. Remember Y2K? My mother was stockpiling water and canned goods; there were a bunch of people filling sheds, preparing for the second Cold War.

If you're good, you can always take advantage of bad times. Still don't believe me? I'll point out Dick Fuld as the most recent example.

Fear is raining down, and I'm sowing seeds of opportunity. It's earnings season. I'm trying to grow a "fortune." I'm trying my best to find highly successful companies trading at prices that ignore their risk/reward potential.

The following companies are sorted in descending order from their categories by my personal allocations. All my comments are relative to historical market performance, future market expectations, current pricing of industries and the S&P 500 in general.

To read more, visit Stockpickr.com.

This article was written by a member of the Stockpickr community. Author owns XIN, NIHD, EBIX, GHII, CEDC, EJ, KCI, MTW, VSEC, KTII, AOB,VDSI, AIR, BEAV, ARD, BUCY, SOHU, NOV, HURC, CBI and PCP.

Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.

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