The drop in the UK and European markets today are just a mild correction following the jump in defence stocks yesterday and in some response to the American markets - over the last five days FTSE100 is up 1.22%, DAX and CAC are both slightly down - less than 1% - hardly shitting the bed!
In contrast the Dow is down 2.73% and the S&P is down 3.99%.
The European markets have generally been doing better in the past 12 months too - even with the huge gains that the S&P has seen - results for the past year are: Dow - up 8.92% , S&P up 11.83%, DAX up 26.40%, FTSE up 14.65%, IBEX up 29.52% and STOXX up 9.63%*
*Caveat of this data being checked at 3:15pm with the acknowledgment that markets can change in an instant!
But yes - its not good for pensions!
(or my S&S ISA which is largely invested in tech 😥)