ricardo7 Loc: Washington, DC - Santiago, Chile

...but am hanging tight as I have successfully done in the past.
In fact, I'm getting ready to buy more at a discount. By next
year this will all be a blip on a line. Anyone getting ready to bail?

PAR4DCR Loc: A Sunny Place

No but this market is not giving me any warm and fuzzies. Down over $40,000 plus since last Friday.

Don

ggttc Loc: TN

Took a beating...but I will hold where I am.

Might take some time to do some judicious bargain hunting.

Longshadow Loc: Audubon, PA, United States

Not bailing, riding it out.
I know some people who bailed in (was it 2009-ish?), and they did worse than the people who hung in there.

ricardo7 Loc: Washington, DC - Santiago, Chile

Absolutely. Hang on and wait.

Longshadow Loc: Audubon, PA, United States

P.S. - A correction was inevitable.

TriX Loc: Raleigh, NC

You knew it was coming after the incredible run up the last 6 months. Can you say irrational exuberance? Remember when Greenspan said that a month or two before the 2000 tech crash? (I didn’t listen and paid the price). The market is a long-term investment, and what they don’t tell you when they’re selling you stocks, is that you may go an entire decade without significant gains (how long did it take the NASDAQ to get back to the 2000 high?). I mean LONG TERM. What I have learned is that no one can time or predict the market. On a day when everything is going right, it tanks, and on days when there’s bad news, it gains 300 points - go figure. The other thing I have learned is that by the time the average individual investor realizes it’s on a tear, the money has already been made, and if you buy then, you’ll be around just in time for the correction - a classic amateur mistake like “averaging down”. If you decide to take this gamble (I no longer have the stomach for it), do it for the long term, remember that the average (but not every) broker is going to sell you the fund that maxes his renumeration rather than that equivalent no-load fund, really diversify (not just 10 different tech stocks), rebalance your portfolio every year, and ignore the daily market news. If you don’t, you’ll end up lying on a gurney in the ER after your heart attack the day you lose a ton of money - been there, done that. A stock broker acquaintance of mine told me early on: “the market is about fear and greed”. I thought that was very cynical at the time. He was right.

Charlie'smom

Since we went to a minimum guarantee on our investments, I don’t freak like I used to. I’d rather earn more than the minimum, but at least we won’t lose this time around.

kschwegl Loc: Orangeburg, NY

Hang in there and wait.

joehel2 Loc: Cherry Hill, NJ

I’m hanging in there, knew it couldn’t continue the upward trajectory it’s been on. Thankfully the market contradicts Newton’s law, i.e., what goes down will come up.

Kmgw9v Loc: Miami, Florida

I knew it was coming, but did not act.
Nothing to do now, but wait.

TJBNovember Loc: Long Island, New York

Just going to sit it out, so far it's only cut into the gains made in recent times, not the initial investment.

John N Loc: HP14 3QF Stokenchurch, UK

It's my view that people who 'invest' for the quick buck are the cause of the problem. Not just the small players, but pension funds, hedge funds and all the other marketing scams too.
A lot of this wouldn't happen if the market wasn't capable of such quick reaction.

jerryc41 Loc: Catskill Mts of NY

As a broker told me years ago, no one losses money when the market crashes, any more than they gain money when stock values increase. It's all just money on paper. Only two things matter: how much did you invest, and how much do you withdraw?

I have one or two shares of AliBaba stock, so I really have nothing to gain or lose.

machia Loc: NJ

The stock market corrected , it always does . And it will climb again so everything will be fine .
I learned my lesson years ago , slow and steady and have patience . And this is a great time to go bargain hunting if you have a little extra cash laying around .
I used to play options ! That’s were you get hurt . I got cleaned out once . Boeing stock . Live and learn
😃