There’s a bright light at the end of the tunnel— finally. Most of the really well respected, long term investors are advising their audiences to hang in there, to stop the panic selling, and to look for the great companies that have withstood the economic downturns of the past.

Buffet, Bogle, Gross, Schwab, and company offer sound advice— don’t run and hide, it’s time to hit the Wall Street Mall and go shopping! They’ve seen the indicators; they’ve been there before. So have many of you. Clearly, it’s time for action.

With IGV stock prices down 50% or more, and income securities as low or lower, Chuck Jaffe points out in MarketWatch that the case for loading up on managed Closed End Funds (CEFs) is a strong one. The great companies are in garage sale mode, and managed CEFs are selling at …