Warner Bros/Courtesy Everett Collection What did you find?Turkey’s currency crisis is creating the preconditions for a good buying opportunity in the U.S. stock market. That’s because the world’s central banks will almost certainly make sure that there is plenty of liquidity to keep Turkey’s crisis from spreading too far. And, inevitably, much of that liquidity will make its way into the equity markets. Investors’ knee-jerk panic therefore gives contrarian-oriented investors the opportunity to purchase equities at cheaper prices. If the time to buy is when the blood is running in the streets, to quote the famous phrase from the Baron Rothschild, now could be just such a time. Doubters among you should recall the equity markets’ reaction to an all-too-similar crisis that began in late 2009 in Turkey’s archrival Greece. Despite widespread doom and gloom forecasts that the nine-year-ago crisis would lead to the disintegration of the European Union—and, in turn, the unraveling of the world’s monetary system—the S&P 500 SPX, -0.40% today is several hundred percent higher.via