However, there is nothing original that I can write on such herculean subjects that hasn’t already been said and digested several times over in recent days.
What I can say is that we will be pushed around by these markets like a lot of other market participants. We will undoubtedly feel bruised as our prices get caught up in the market maelstrom. Cheap markets will be impacted negatively by current events. Good-quality companies and sectors will suffer. The market will show little consideration for fundamentals. Short-term equity momentum is often powerful, displaying the characteristics of a rip current. One is best not to try and swim against it in fear of exhaustion and death.
Someone somewhere once spoke of “known knowns”. Well, nothing that has triggered the events of the past few days was new material. It has been hiding in plain sight.
There is always a danger that when significant market moves come in to play, emotion takes over and one’s fears are heightened, further accelerating the issue. Selling into a correction is unlikely to trigger exhaustion or death, but it can be a rather painful experience to chase the market down.