Long-Term Investors See Opportunity

BusinessWeek's Gene Marcial talks to long-term players about the market pullbackand finds out what they've been buying

First of all, don't panic. The sky isn't about to collapse. For some perspective, let's get something straight: Markets go up and markets go down. This past week was bad, with the Dow Jones industrial average, the Standard & Poor's 500-stock index, and the Nasdaq index each tumbling more than 3%. But remember the week before, when the Dow for the first time crossed 14,000? The market then looked just dandy. This is what markets do, subprime mortgage woes or no. For the year, all the major market indexes are still up, so it isn't time to run for the hills.

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