should you sell?

got a concerned email from one of you today asking if they should sell all their stocks and get out of the market.

my answer … Today is pretty ugly that’s for sure. As you know I haven’t touched my 401k so I’m watching that slide as well.

I have to assume we will have a short bounce again tomorrow or the next day, but my gut is that we have more downside before we have up.

Most corrections are contained in an 8% drop, then the next notch is 12% for a mild correction. After that … We get 20%. 95% of all corrections are less than 20%. So, I would guess we will hit 12% from the top, then bounce up to 8% and then who knows …

So, I think selling in a panic is bad, but I don’t see a lot of upside in the very near future.

I hope this helps, I’m sure it doesn’t …