Ok, so this is going to be my first time going through a Black Day of this kind. I'm a millennial who wasn't investing/trading during 2008 crash. Some of the old gods here might have gone through this. My question is that is there any advice apart from not spending too much time on the rooftop of my 12 floor building? I'm an atheist so does that mean if I carry a bible or a cross, it won't help me at all. Also, is the trading even going to be active today all day or does the circuit breaker means no buying selling puts or calls or shares anymore?
There are two new facts which has come to light in last few days which suggest it could be a day not seen in recent years -(1) It appears that tarrifs are here at least for sometime and there is real conviction and firmness with which the current administration is going about it. So, it's not all just a high-risk exaggerated bluff.
(2) One of the key players, China, seems to be unwilling to bow down easily with their 34% retaliation tarrifs. It means that US-China negotiations might meet a impasse and that it's going to be painful for sometime to come.
It appears to be worse than both Covid and Ukraine war since at that time countries were at least willing to work together and get through the mess. Everyone had a common objective. This is the exact opposite.