Market Rout And Your Portfolios
In the midst of the current stock market rout, how to respond or cope with it is on many investors’ mind. For many who have experienced several market shocks such as those in 2008-2009, 2000-2002, 1997 Asia financial crisis or even 1987 stock market crash, the current one does not seem to be particularly stressful. Been there, done that. However, regardless of whether you have such experience or not, it is still a fast and painful one. Welcome to the fast paced financial marketplace that buys and sells paper based financial certificates in the blink of an eye.
The run-of-the-mill market correction
Let’s first review what have happened. First, a year to date S&P 500 index chart:
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