Glad to hear you say that. Essentially that is what Don Worden has been saying in his Worden Report.
My 401(k) has lost 27.9% since May, but unless I panic and try to withdraw from it (giving the gov’t 50% in the process), it’s only a paper loss.
I don’t believe the fundamental values behind the stocks have dropped precipitately, we’re seeing general panic here.
Of course, that’s easier for me to say, since I presumably won’t have to tap my 401(k) for another six years...
The S&P is down 42% from the high one year back. That is probably closer to the average losses so far in mutual funds. Some less and you must have one of those that invests a portion in bonds.