Yep! I have now heard several financial talking heads use the "C" word - CRASH!
When this hits the TV channels tonight, there will be some more selling this afternoon and tomorrow and then a bottom will be found and up it will go, but it will take most of the general public a bit of time and "Vaseline" to get back in to the market. However, remember, the general public is usually wrong and so when they are selling in panic, its time to get back into the market.
If you follow my advice, look at the VIX and wait for a day where the VIX goes down and then only put a small amount into your favorite mutual fund and then add a bit more each each day, week, or month depending on your time frame.
I live by the old adage: Sell to the greedy, and buy from the panicked!
;-) Have a great day now that we know that the government can't solve a wet paper bag, and this should prove it.
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