This is going to be an interesting week. One in which no one knows the answer.
Its to the point of mass hysteria, welcome to the new world with 24 hour news shows playing endlessly, preying on peoples fears to keep them tuned in, people watching them like soap operas.
For me, there is some valid reason for a drop, profits will be off future predictions but again, these drops of the last week simply took us down to 2019 levels, its not that bad yet, the market adjusting to that level.
The test will be this week, will we be at 20,000 or where we are right now by Friday.
Personally Im not panicking, I dont need the money in my Roth and if the market never recovers it wont matter much anyway. Japans markets only recently started coming back after what must be close to 3 decades. (yes 30 years)
As far as my 401k, well, same deal, and believe it or not, I just increased my weekly contribution over the weekend. I know I am crazy.
I cant control the market and I am not going to try to time it, its had a LONG run up to the current levels, all it needed was a catalyst to teach people markets dont go straight up and putting money in the market doesnt make you instantly rich, if ever.
But some how I think this is a test of the USA stock market and honestly, the most powerful market in the world, if its doomsday, it wont matter. So back to logic then, dont panic and make rational decisions, because the market will still be there tomorrow, even at 16,000 or 20,000 it will come back some day.
We needed a sell off, valuations and speculation was out of hand.
With that said ... "almighty father, maker of heaven and ... " *L*