It's stock market craziness!

Have you seen the numbers today?

The stock market is in the midst of its biggest retreat since the financial crisis.
The Dow Jones industrial average plunged as many as 440 points today. The Standard & Poor's 500 index is down 3 percent, many believe headed toward a market correction.

Local financial advisers are taking a proactive approach and calling their clients with suggestions.

For Griffin Dalrymple with Opinicus Wealth Management in Bradenton that means taking a good look at companies whose stock is being oversold.

"Our eyes and ears perk up when we see some that are less expensive," he said. "There is a lot of irrational selling going on."

He is looking at companies with low debt and a high cash content along with stable earnings.

Tom Breiter of Breiter Capital thinks the market is in the middle of a natural correction and admits "there are some good buys out there."

"This is not an abnormal event, but it is a little disconcerting since for the last four months we've had very little good news."

Stay tuned.

Jennifer Rich, business editor