Stocks were down over 1000 points yesterday but that was only 3.5%. A far cry from the 22% the DOW lost in one day in 1987. Interest rates dropped as investors moved to safety.
Buffett and Suze Orman both say don't sell. But buffet also says: "There is a gem in Buffett’s annual letter, which was released over the weekend, that nobody is talking about. He writes: “Anything can happen to stock prices tomorrow. Occasionally, there will be major drops in the market, perhaps of 50% magnitude or even greater.”
The question, "It this the peak or a pause?"