Is this a HUGE Stock SALE?

Almost every stock is way off their 52 week highs and continue to head south. The market has dropped to 12150, a area that many thought they would never see again. Is it time to start shopping and loading up on all the stocks that are way too cheap? Who knows, but the FED dealt a blow to the market today, and many are hoping for a emergency rate cut before January 30. It is clear that the stock market is reacting very negatively to what is going on in the general economy. Can this go any lower, like below 12000?? I guess many are screaming for bond funds, but wait, are you supposed to buy low and sell high?Question is:what is low?? Till next time,stay sane the stock market has returned over 10% every year for a very long time.
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