The Aussie stockmarket lost 64Billion today. Worst drop since 2010.
So bunker down and prepare for the worst. its likely to continue!
World stock markets plunge after fall of China shares; US dollar takes hit before stabilising
The benchmark Standard & Poor's 500 index finished down 3.93 per cent after earlier approaching correction territory, or 10 per cent off its record high.
A key measure of US equity volatility, the CBOE Volatility Index, or VIX, shot above the 50 mark for the first time since 2009 before dropping back to 33 as US investors turned their focus back to domestic US issues.
"With those markets closed, it's now focused more on US fundamentals. The US economy remains relatively strong compared to others around the world," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
Anybody with a pulse was nervous when the market opened.Michael James, Wedbush Securities
"Anybody with a pulse was nervous when the market opened," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
"We're still going to see significant price swings both up and down before the day ends today.
"The only thing that's certain is the volatility is going to continue in the short term, given the magnitude of the moves that we've already had in the last four days."
there's more on this link.....
Remember we are not financial advisors.. Sampson management Services (SMS) educate and inform only...We are Assett Management Consultants- we teach you about risk and how to measure that risk according to the international standards on Quality, Environment, OHS, and Risk management in an integrated approach. Ref standards: AS/NZS/ISO 9001, AS/NZS/ISO 14001, AS/NZS/ISO 4804, AS/NZS/ISO 4360.