Trading was halted Tuesday on the Sensex after 9.5% drop in market value.
The Nikkei, Hang Seng, and other Asian indexes are also down dramatically in Tuesday trading.
Keep your powder dry.
The TSX is down nearly 5% this morning and down well over 10% year to date. We are back into 2006 territory for the level of the TSX and I am getting calls from clients now to sell everything. This is, from my past experience, the time to start buying. Most people are their own worst enemy to their long term financial health. They buy when they should be selling and the sell when they should be buying.