This is symptomatic of getting caught when it was plain as day that the market was softening and due for a correction. Trying to self-soothe is an admirable quality, so long as it doesn't delude you regarding reality. This is going to be a significant global correction and ALL valuations will contract with very few exceptions.
If you can afford to ride this out and look 18-36 months out, then you shouldn't have to worry.
But not everybody can just let their money sit around like that.
I expect this to last about 6-12 weeks before a year end rally.
China has the economic fire-power to take action
MBE Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
