Generally, there are good ideas here. It's generally a good idea to have a full tank of gas in the car, have a good stock of water, have some food in the house, have more cash available than what change is stuck under the couch cushions, and so on.
No prepping here....that's just good, smart advice. Since it's hurricane season, now, I'm all over it. Then, in a few months, it will be ice storm-season, and I'll be all over it, again (actually, I'll still have the same state of readiness....).
But, is the world going to end because the market dropped a double handful of percentage points? Unlikely. Certainly, no more likely than it was the last half-dozen or more times stocks have had a correction in the past 20 years.
Man, gloom-and-doomers will grab at any excuse to come out of the woodwork, won't they? Call me when the market has dropped by half. Then, I'll start to get nervous.
When the markets drop by half, that’s when I’ll start looking to see if there are any good companies available at bargain prices. Buy when there’s blood in the streets. I forget who made that phrase famous.