Owning Up to Market Downturns.

More thoughts from Jim Cramer's "Stay Mad For Life." This time on market downturns.

"Pros always look; they never avert their eyes from a downturn. Amateurs turn off their computers, stop watching CNBC, and don't even read their statements. Pros look at the market as a place where there is always mismarked merchandise, always something cheaper than it should be and they shrug off the losses as part of the game. You can't make big money unless you are willing to lose big money and the time to buy is exactly when the amateurs choose to run."

My comment-This last sentence is so true. March of 2000 at the exact top of the 80-90's bull run saw the largest influx of money ever into the stock market. March of 2003 and October 1987 saw the two largest exits ever from stocks as investors pulled out in the wake of the market crash in 1987 and the beginning of the 2nd Gulf War in 2003. March of 2000 was the top. We've never been back above that level but people who invested in 1987 and 2003 were handsomely rewarded for their efforts.