my opinion (which isnt worth much) is enjoy the bounce while you can before xmas. A lot of the time a big crash can lead to a low in October bounce before xmas and retest the lows soon after. have a look at Great Depression Dow and 87 allords (XAO) for example. Doesn't mean it will play out like that but that seems to be the way we are heading for my mind. a bit of election hype etc from the US to make everyone all warm and fuzzy but it must not be forgotten the little rich kid maxed out the last credit card and has just been handed another one. If only they can use it for good this time.
In the above scenario if we break through the lows after xmas, it will be very worrying imo.
If your intention is to hold some of those blue chips long term it shouldn't be too much of a concern in the long run so they are definitely better value than a year ago for that type of investment.
