CAPS / CAPS Blogs

http://www.bloomberg.com/apps/news?pid=20601087&sid=a3fCFxLIgT2s&refer=worldwide

I've watched much of my gains of the last year evaporate as the Nasdaq took a huge tank.  I'm certainly not panicking, but I consider it worth considering where we, as Fools (if I could call myself one appropriately), think the bottom will be.  A lot of stocks are going on sale, but some are being haircut justifiably and don't deserve a "firesale" purchase.

What say you, other Fools?  Will you continue to purchase equities as the market keeps turning down?  Are you planning to wait until it reaches a nearer bottom?  Are you locking in your current gains for a later repurchase down the road?  

What about moving out of sectors?  Would you re-load on blue chips with the discount currently offered?  Would you continue to purchase small, growth stocks with the current volatility in the market?