it always does ... and some day all the doomsday prophets will be right ... until they are wrong again. My portfolio didn't tank a lot last Monday (3% down at the worst point) ... and most of the dip came back by now anyway. Instead of worrying from crisis to crisis it might be a better strategy to maintain a well diversified portfolio based on companies providing essential (or desirable) services and products with a track record of solid earnings.
And looking into the "China crisis": The Shanghai Index is still 42% up compared to just 12 months ago, and people are worrying whether the Chinese economy is really growing by 7%, or maybe just by 6% or shock horror maybe just by 5%. If we take just a wee step back, than all these worries look a bit silly, don't they?
Sure - markets are currently volatile ... but there is an easy remedy against that: As long as you own solid stocks which you purchased at a reasonable price - don't worry about the SP jumping around - and definitely don't sell if the SP is cheap.
Maybe we should talk instead about an actually quite good earning season ... actually my retirement stock(s) did quite nicely, and I am as well reasonably confident about a number of manufacturers and service providers who all should benefit from the lower NZD.
Life is good ... and while this Monday is quite grey (weather wise) I am sure the sun will shine again ... and this prediction is likely to be much more reliable than the prediction of the next dooms day scenario.