This year is also setting up to be a record for store closings, which could affect holders of commercial mortgages negatively. Iran is storing millions of barrels of oil in China, which could purchase those barrels at a discount and flood the market. This could hurt manufacturing in the U.S. and hurt energy companies. China is imposing a ban on American agriculture products.
All in all, it's the sheer weight of all of these issues and others that are weighing on investor sentiment.Presumably, investors are invested according to their own risk tolerance, time horizon and goals. If this is truly the case for someone, then this recent downtick is really just part of the expected possibilities.
For the younger set, I'll say 40 and under, you should welcome a downturn in stocks. A correction and even a bear market is your friend. Just keep plowing money into your long-term investment accounts because your investments could become supercharged when we hit the next peak, which has always happened.Before you make any hasty changes to your 401, just sit back for a moment and figure out about when you'll need it to live off of.
acorns With the PE Ratio at around 17 the market looks pretty good to me still...
buy puts in Jim Cramer's favorite companies