So....1100 Point Drop Today
Kind of a big deal, no? Anyone care to share their thoughts on this? Start of major blood letting or just a blip before stabilization and the bull run continues? And let's say there is a sizable correction over the coming weeks and months -- what do you think happens to real estate prices and consumer confidence?
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I would say that for most people making decisions based on one-day-results, regardless how impactful, is dangerous.
the day was brutal, but it was one day. My strategy allows for swings, and unless you started investing in the last 3 weeks, it's a pretty much universally agreed on that we are due for a significant correction. While this might not be it, preparing for it both financially and mentally should have already been done.
Once that's complete - let it burn, I want to buy cheap assets ;)