Being bold and buying into the market can make you big bucks. There's no doubt about it.

Legendary investor Sir John Templeton's rapid rise to wealth is a case in point. He is noted for buying 100 shares of each company trading for less than $1 a share in 1939 and making many times the money back in a 4 year period.

But if you're inattentive in this type of market, you're going to get whacked, says Adam Lass. He predicts US blue chips could lose another 34% before the bear bottoms out. That would put the Dow at just over 5,362 points.