What is the investment advice?
We prefer to share what we’re doing with our own portfolio. We strongly believe that taking the other side of panic is nearly always a good idea, and so this is what we’ve been doing here. If you are short, take back some of your shorts on each leg down; if you have cash to deploy, deploy some of it now; at the very least, make sure you rebalance your allocations to previously determined target levels the time is now.