With all the bad news out their I am reminded of the old adage that the best time to invest is "when there is blood in the streets." With gold over $1000/oz. , Carlyle Capital collapsing, the price of crude oil surging, the U.S. dollar at levels not seen in more than a decade, there is no doubt the news today is pretty bad.

With things so gloomy, the real question for investors is whether it's now time to step up to the plate and start buying stocks? While it certainly takes courage to buy stocks in the face of the financial storm that we are in the midst of, just like any patch of bad weather, at some point the sunshine will come out.

No one can say for sure if the stock market will drop another 20% from current levels. What can be said is that the market is sure selling at a large discount to where we were four months ago. I think that in the last century we have only had a handful of instances where the market dropped for four consecutive months. It just doesn't happen too often. Markets always tend to overshoot in both directions, and I have a feeling that we may have overshot on the downside.

With all of today's bad news, maybe it's time to buy stocks.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com. DISCLOSURE: Writer's fund has no position in any stock mentioned, as of 3/13/08.