The recent glut of negative economic data has investors panicking at the growing possibility of a double-dip recession. Times like right now, where fear starts to drive selling, represent the perfect opportunity for more clear-headed investors to start looking for intriguing opportunities. Intrepid investors have a number of key inherent advantages by utilizing this "fish where others won't" approach. Fewer investors present often means less competition, which can lead to certain stocks being overlooked and -- hopefully -- underpriced. Consider industrial powers Terex ( NYS: TEX ) and Manitowoc ( NYS: MTW ), both of which issued lackluster quarterly results recently. Manitowoc missed Wall Street estimates by $0.02 but had double-digit revenue growth in its most recent quarter. Since July 20, its stock is down more that 40%. Terex missed analysts' estimates as well but also grew its top line. The market has since shaved more than 35% off of its share price since July 20. Seem justified to you?