I understand that there could be none here that trade regularly but most of the people that own stocks/mutual funds are probably long-term investors. So what does last week's market action mean to you? THIS IS IN NO MEANS A RECOMMENDATION BUT THIS IS WHAT I WOULD DO. The main goal of any investor should be capital preservation. Capital appreciation comes second. If I do not have chips then I can't play the game so my chances of winning are nil. There is still some time and I'll take my money out of 50 - of the portfolio. Right after I do that the market might stage a huge rally and I'll feel like a loser for selling at the bottom but that's part of the game. Right now it is necessary to protect what I have, than making money. It will be weeks to months befor we see a bottom.