Naturally, anything can and frequently does happen in the stock markets, but this latest market madness is irrational in every sense of the word. Everything, regardless of asset type is just getting dumped. There are two things you can do right now as an investor: 1. Blame something - Cite the government, the world economy, the fraudsters, the manipulators, your grandparents, the kids, and the liberals or conservatives as you see fit. 2. Do something. I'm a #2 guy, personally. If you happen to be sitting on your war chest of bonds, money market, or cash, it might be time to take a little of that out and deploy it. If you don't have a war chest of bonds, check out this entry for why you should get one for the future. A couple of noteworthy things that are happening right now: The prices of financial stocks are falling. Bank of America (BAC), Wells Fargo (WFC), and American Express (AXP) are all in my portfolio, and all seeing appreciable drops, in spite of being the types of businesses that stand to benefit from rate increases. I'll be adding to AXP this week. Commodities continue to get creamed. So the market is just totally confused right now. I'm adding to what I have in Rio Tinto (RIO) to take advantage of it. I'm also continuing to add to what I have in Navios Maritime (NMM). There has to be a bottom in there somewhere, and the dividend is a ridiculous 36% forward yield, assuming all the ships don't sink or something. Handle with care, they did see a cut this year. I'm also going to initiate a position in Macy's (M), for reasons I discuss here, as well as making a last minute attempt to grab a few more Mattel (MAT) shares. The only thing that's really holding steady right now are my bonds. Don't panic if you don't have a cash stash set aside though, just stay the course. Buy more of what you can with your dividends or the income from your job. Everything is temporary.