Rethink the short term, but it is only about business in the long term: 5 mid-cap stocks with upside potential of up to 23%

Be clear-eyed about the short term, because we are not done with market pessimism. There may well be more to come, and that could give you better prices than today's. But the preparation has to be done now, not after the move. In the long term, the rule is a simple one: Know what you own, and know why you own it.