The press I'm hearing is saying that the US fundamentals are "OK", even "decent", and that this differs from 2007-8 in that it's not a US-centric problem. What happens in China certainly affects us, but not with the same contagion that perhaps all of Europe or another US-led bubble would.
Personally, I'm probably going to buy a few index funds over the next day.
Personally, I'm probably going to buy a few index funds over the next day.