Stocks have worst day since 9/11 attacks

Yep. I lost $21K today - two steps forward one backwards - I'm still about $200K over what I was this time last year :)

Yeah, my first thought was that I'm still underweight in emerging markets compared to my long-term plan...

My own view is that there is lots of pain yet to be taken in EM, notably in BRIC (Brasil Russia China India) but also Hungary, Turkey and possibly Argentina and Mexico. Indonesia perhaps as well. Russia will hold up as long as commodity prices do, ditto Brasil.

India in particular looking like a classic 'bubble' market.

By contrast, South Korea looks relatively cheap, and there may be other 'cheap' markets-- Taiwan perhaps?

I saw a few media articles with the headline decrying the decline the other day. "News" mongers, all!

Consistent with others' observations, I revised the subject line. The ten percent gain reflects S&P 500 with dividend.

Elle In it for the long run. I have faith the world's population will always be consumers, and companies one way or another will always pop up to feed consumers and so need folks like you and me to own them.