Things have gotten way out of hand with the trade war.

After weeks of intense fighting between the two economic superpowers, markets have been excessively volatile. All after the press reported the U.S. was considering restrictions on Hikvision – a Chinese surveillance equipment provider – from buying U.S. components.

“The U.S. is considering cutting off the flow of vital American technology to as many as five Chinese companies, reported Bloomberg, citing unnamed sources, “widening the dragnet beyond Huawei to include world leaders in video surveillance. The Trump administration is concerned about their role in helping Beijing repress minority Uighurs in China’s west.”

If that’s the case, the move would mark further escalation in a troubling trade war.

However, in many cases, we believe the fear has been priced in.

In fact, we may have run into what’s known as “peak fear,” which is leading us to buy stocks that have been severely beaten up. All we have to do now is buy and hold, long-term. We have to jump into the fear aggressively and just wait it out, in our opinion, as others run scared.

It’s Time to Buy the Blood in the Streets

It’s now time to trade like a wealthy billionaire like Sir John Templeton, Warren Buffett, and Baron Rothschild.

Sir John Templeton wasn’t your typical Wall Street money manager, for example.

In 1939, Europe was just about decimated. So, Templeton bought every European stock trading below $1.00 a share and made a fortune. In fact, he bought shares in 104 companies for about $10,400. He would make a fortune.

He taught us to buy excessive pessimism.

Warren Buffett advises that a “climate of fear is your friend when investing; a euphoric world is your enemy.” And of course, we all remember his advice to “be fearful when others are greedy and greedy when others are fearful.”

Baron Rothschild once told investors, “The time to buy is when there’s blood in the streets, even if the blood is your own.” He knew that very well, considering he made a small fortune buying the panic that followed the Battle of Waterloo against Napoleon.