Print and Post this on your Fridge: The Life of Bear Markets
Bear Markets...defined as a loss of 20% from the high, don't last forever. No matter how bad they are, or how bad they feel: the S & P has always recovered and moved to higher levels. The question always is: how low will it go and how long will it take to get back to the old highs? This correction has taken back 12 months of S & P gains. Print this out, and post it on your fridge!
Reality Check: avoid anyone who tries to convince you they can predict the future!
We never know if what has started out as a run-of-the-mill bear market will turn into the Tech Bear Market of 1999 and 2000.