I am nervous even as a bear. This drop is way too fast. Any snapback rally can be very sharp as well. Sold my FAZ and TZA and will buy back later. The bottom line is: the bear market I've been waiting for has officially started.
"And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion. "