I sit back and continue to watch from the sidelines. There isn't anything the FED can do, because this cycle isn't triggered because of a monetary or liquidity problem.
It's simply time to watch what happens, and wait for a nice, lower point to com e back in. It isn't going to be anytime soon. The October 2008 crash didn't bottom out until March 2009. This retracement isn't a crash, and it's not going to be that long- but it IS going to take a while to sort itself out.
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