The worst drop in a year. That's what. If you had been watching important stocks approach their 50, 100 or 200 day averages, from the bottom, you would not have been one bit surprised. There will be a somewhat biggish dip in the next couple days, and then we should move sideways for about 3 years.
Love your stock? Have spare money in your IRA or 401(k)? Then help yourself. Sell down positions in your regular brokerage and buy back in your tax-exempt accounts.
What's held up really well for me? SID. Wish I had PBR:(
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