Looks like a wild ride ahead–with the S&P500 off 2% on Covid variant concerns. Looks like an over reaction, but who knows for sure.
This is the time to sit back today and observe market reactions over the course of the day–not to react with selling. With stocks way down interest rates have plunged with ‘safe haven’ buying so it is unlikely we will see ‘bargains’ appear today based on interest rates–the only potential bargains today and during equity selloffs will come when (if) the ‘baby is thrown out with the bath water’. It normally would take a few days of intense selling in common stocks to drag income issues down as fear takes hold.
For now I am watching for bargains, but bit really expecting anything today.