This is not the time to write lengthy posts after the carnage we have witnessed in global stock markets. I believe nobody is in the mood to read market analysis. A picture speaks a thousand words. Just look at this web of deceit, er, leverage that has caused Dow Jones, S&P 500 to post worst stock market crash since 1937.
Retirement accounts shrink by $2 trillion and many workers may need to delay retirement. This is the very reason why we should adjust our investment strategies as we age. Losing $30k to $40k while we are working is not as bad as losing say, $250k of retirement funds when we have little to no earning power left.
For investors who have stayed on the sidelines, now is a good time to monitor the VIX score which has topped 56 this week amid heavy selling pressure. When the VIX reaches this level, start sniffing around for bargain stocks.
More updates soon, stay tuned.