But this time it is not just Paris. It's Athens, Dublin, Madrid and most of the other major Old cities of the Eurozone, where the markets have taken a beating.
The silver lining is that several European blue chip companies are now compelling buys.
Of course, it is virtually impossible to time the markets. Some would even say unwise.
That's why investors interested in Europe should look for high dividend yields to provide downside protection against further declines in the Eurozone.
Another aspect to consider when looking for upside potential is to find stocks trading at a favorable relative strength index rating.