That'll Take the Stuffing Out of Your Shorts

Wooow! What fun. The market is playing that old song, "How much pain can you stand and how long can you stand it?"
We're getting waterboarded with bad news. $100 a barrel oil, slower economic growth, dollar in the toilet. Tourist traps in India want you to pay in rupees, they won't accept dollars. Isn't that special? Guess I'll have to postpone my pilgrimage to Calcutta. Dang.
Where's the bottom? Don't ask me, I don't have the slightest idea. I do know that everything will be alright in the end. If it isn't, it isn't the end.
This is supposed to be the place where I tell you to start adding to your stock portfolio. If your asset allocation structure calls for it, then do it. If your portfolio has slipped to 25% stocks and you want 30% in stocks, then add money to stocks. You can't pick the bottom, thinking you can is delusional, so don't be delusional.
If you just can't bear to buy more stocks in the face of this, then your brain is telling you something. You had too much in stock in the first place. You don't have the temperament for 30%. That's good to know.
If you have no more money to add, then there's really no point in worrying about it. Unless you get pleasure from worrying about things you can't control. Many people do. Basically it's how religious beliefs and other superstitions are formed.
Other superstitions include technical analysis, market gurus, any television market commentator, research analysts, quants and the notion that your stockbroker has a good investment idea. If you believe any of that, call Father Merrin.