The U.S. Markets being closed yesterday, Americans got a heads up on what the trading day will be like today. That is, a disaster. Almost every single other market was down yesterday. Significantly.
Now, you're going to hear two pieces of advice today. The play by play commentators being the drama loving media, the reports will be from the two extremes.
One will be from the Sky Is Falling folks. These experts will advise to pull all your money out of the market (making it drop even more, and locking in your losses) and sit on cash or... because of the troubles with the U.S. dollar (which traded up yesterday, btw), gold (which traded down).
The other will be from the bargain hunters. They will gleefully say that everything is on sale. Get all the cash you can and buy, buy, buy. It doesn't matter if the stock is in a sucky industry or the management team can't sell the latest offering if it was free, buy.
Of course, regular readers know my stance. I'm going to look at my stock watchlist. I'll take another look at what I think these stocks are worth, factor in a margin of safety, and then buy when the stocks reach that point. Not going to. Did. I put in my buy orders last night while the markets were closed.