Don’t know how much this will go down yet, but I doubt the decline will end until we are into March.
For those who have no defensive strategy, this can be painful.
If it drops to DJIA 20,000, the big institutional investors along with Warren Buffett will get into a bidding war for depressed stocks. When the stock market crashed to just under 6,000 in 2009, institutional investors swooped in and within a year made huge profits.