Holy Cow, we're going to be eatin dog food and livin in van down by the river!

Either that or this week's stock market sell off is a long over due correction before we start back towards 15,000.

Dow Industrials and S&P 500 Index Conclude Worst Week in 5 Years; Dow Sheds 208 Friday NEW YORK (AP) -- Wall Street extended its steep decline Friday, propelling the Dow Jones industrials down more than 500 points over two days after investors gave in to mounting concerns that borrowing costs would climb for both companies and homeowners. It was the worst week for the Dow and the Standard & Poor's 500 index in five years.

GDP grew by a robust 3.4 annual rate, beating expectations, but $77 oil and the housing slump gave the profit takers a reason to pull some money off the table.

Is it time for a bit of bargain shopping?

Over those long time horizons, stocks will move up and down. It will be nearly impossible for you to call the highs and lows. If you sell now, you run the risk of missing gains and paying fees to re-invest in the market.

Here's an example of how damaging moving your money around can be:

If you sold your stocks at the market bottom in September of 1998 when the Dow was at 7539.07, you would have missed out on portfolio gains of 21.8 percent by the end of that year.

If you sold your stocks at the bottom of the 1987 crash in October, when the Dow was at 1738.74, you would have missed out on 24.7 percent of your portfolio gain by the end of December 1988. That's almost $25,000 missed opportunity on a portfolio with $100,000, says Johnson.

Economists we talked to said we're in for at least one sharp sell-off a year. Put your money into the market a little at a time, consistently. That's the way to earn gains - not gambling on where prices will go next. Sit tight and let the bulls and bears ride it out.

I just wish I had a little money sitting on the sidelines, I would be buying right now.