We are continuously bombarded by bad news—war, terrorism, recession, deficits, malfeasance, speculation. These events, coming at a mindnumbing frequency, cause us to hunker down and invest more cautiously. In fact, this continuous stream of distressing news, many examples of which are cited in this article, and the related roiled security markets, offer fresh investment opportunities. The good news is that an investor with a diversified benchmark can have confidence in the stability of the U.S. economy, the concept of reversion, and the profitability of a program of portfolio rebalancing.