1/Right now: Take a deep breath, sit down, and write about how you feel about what is happening in the market. Be freeform, and be honest. If you feel a pit in your stomach, write about it. If you feel jittery, write about it. If you think this is the next financial crisis,
2/write about it. If you feel like selling out and going to cash, note that too. Write about every worry, frustration and uncertainty you are currently experiencing. Then date it, and put it away. Chances are very good that when you read it again 12-18 months from now, you'll
3/be shocked you felt this way. Your brain will do somersaults to try to convince you that you *really* didn't feel everything you wrote, because things will have calmed down. Corrections and bear markets are a feature, not a bug of the stock market. Without them, there would
4/be no equity risk premium. Look back at EVERY OTHER market decline and remember, people were feeling like that was the end too. It wasn't then, it isn't now. This is actually a healthy, if painful in the short-term, action. Most important, remember, this too shall pass.
