What’s an investor to do?

So far, this week has been brutal for investors. In the financial forum that I follow closely and is made up of highly knowledgeable fellows, no one knows what to do or say except to reminisce about the crash of 1929 in which the stock market went into free fall and, within about a year, following a 50% bounce, went back down again. Yesterday coincided with the Dow Jones all-time record’s one year anniversary. Will we go back to 14,000 any time soon? Don’t count on it in the foreseeable future as the Nikkei never was able to bounce back to it former glory after almost twenty year. This said, for those who are in cash at the moment, re-entry time is far from certain as we might see more deterioration in the next few days. “Total capitulation” might take a few more sessions yet… For those who’re invested, unless they are below 50 years of age and don’t need their capital right away, selling remains a tempting option, even at these current levels that still could go down…