By Doug Kass “When it is time to buy stocks, you won’t want to.” \- Walter Deemer “Buy to the sound of cannons, sell to the sound of trumpets.” \- Nathan Mayer Rothschild “Price has a way of changing sentiment.” \- The Divine Ms M (Helene Meisler) Equities exhibited a dramatic decline in January and this past week’s drop was as swift and deep as anything we have witnessed in many years. Coming into Monday, the S&P 500 was down by about 8.3% in January and the Nasdaq Index had fallen by over 13%. However, as bad as those declines were, they belie the much more precipitous drops in many equities…