Concerning the recent market declines, on October 4th and 5th the equity (stock) markets fell a little less than 3% (please note that throughout this newsletter I am speaking broadly and generally for sake of readability). The volume, the quantity of shares traded, was low. Considering the excellent August and September we enjoyed (producing most the gains for the year in some sectors) the decline did not look significant. The 8th and 9th saw the S&P 500 and Nasdaq tread water. At this point the downward move looked over, resulting in reversing some of the gains from September.
On the 10th of October, the markets declined and with volume building throughout the day. this was the ugly day. I did not sell out. I had made some more conservative moves in September and early October, but these moves were not substantial. Thursday the 11th it looked like things might have bottomed out, but late in the day the selling continued.