Own stock? Sell immediately. All of it.

I made a prediction years ago about our deficits owed to other countries. What happens if they get called in? What sort of fire sale or foreclosure sale would take place?

Look back at what happened during the farming crisis in the '80s

China owns a lot of our debt. Could we even consider getting the USA PayPal account approved to transfer funds from the Federal Reserve or Fort Knox?

If not...liquidate.

How much could we get for the lesser Aleutian Islands?

Those little islands in the Pacific?

Parts of Hawaii?

US Virgin Islands?
 
I would believe that this will continue if it is a true correction. Maybe back and forth for a while with some days of 10% swings before it settles.
I would say hold on and the market is just self regulating. Marathon not a sprint.

Or we're all screwed.

Agreed! Stay calm!
This is what happens when you let the eagles win the super bowl!
 
If you are a day trader get out now, if you are in for a longer haul beyond the age of orangutan then stocks are on sale again today. Buy low sell high.

Money is like water, it doesn't go away it just changes locations. Make sure that you are diversified in and out of stocks and you will always have a bucket in the stream.
 
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