Warren Buffet--probably the most rational investor America has ever produced--wrote a wonderful op-ed column for the New York Times this week. If you haven't already read it, you can see it here.
My only addition would be: You haven't made or lost money on the stock market until you SELL. You can sell now and lock in a loss, or you can take a few deep breaths, leave your investments alone, and they will probably be back to where they were in a couple years. America is simply on sale right now.
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