I've gotten a half dozen panicky emails this weekend from people who fear the lows established after the terrorist attacks last year will be "taken out." When I sense that the crowd is getting anxious I like to search through my database for the strongest stocks and prepare to buy them if the Volatility Index jumps above 40.

Legg Mason (LM) is acting pretty well in the financial services group so I'd keep an eye on it. Other strong stocks here are UnitedHealth (UNH), WellPoint Health Networks (WLP), and Tenet Healthcare (THC)... profits are strong in health care because of a surge in demand for anti-depressants... presumably from tech stock investors. ;-)

John Nuveen (JNC) was the strongest financial services stock in my universe at the time of the terrorist attacks last year, and it hardly missed a beat... you have to buy strength when the market is weak.

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Chairman MaoXian