Jeff Auxier of Auxier Asset Management will tell you a time of trouble for good companies is a good time for investors to buy their shares.
"For a long-term investor, it's a great opportunity to buy mis-appraised companies," he told CNBC. "They're selling at distressed prices."
That goes for bonds as well as stocks: "This is really similar to back in 2002, when Enron collapsed, and utility bonds yielded over 25 percent for a couple of weeks," he said.
But Auxier's convinced the time to move into stocks has come.
"Right now is when you ought to be shopping," he said. "We just don't have these crisis situations every year."
He thinks an investor's shopping list should include European supermarket giant Tesco, diversified consumer goods producer Unilever, and beverage maker Dr. Pepper Snapple.
Disclosure information for Jeff Auxier was not immediately available.