You mean you wouldn't buy equities even if DJI dropped another 2,000 or 2,500 without a bailout? At that level most cash poor/credit desperate companies will either be gone or easily spotted because of their death groans. I know I would/will buy without a bailout, but not yet. Unfortunately, I think the socialists will rule the day and pass a compromise comeback bill by Friday. Then the trip down to 900ish (S&P) will simply be slower with more drama. Likewise the trip back up will be slower and mostly sideways for years. Politicians, CEOs, and "community organizers" will also not learn important lessons about responsibility
Then let it dive to zero, after which we get our bull market back. Fighting the cycle down is pretty stupid unless you expect the cycle to stop just for you, in which case you're stupid and should not be trading. The correction due is to 7,000, 50% of the high. That is what we expect. If some of you are wetting your panties just because the cycle is in motion, and nobody can stop it without bankrupting the country, the rest of us are shaking our heads at you, wondering why you ever started trading cash before conquering your emotions.
Just wetting my panties because I know what violence can come when a superpower starts to realize that it isn't anymore. The money win or lose I'm okay with. mysharona2, sorry. You got run over. Better to cut the loss and learn from it.