Are you in Europe or the States? The two areas have vastly different economic outlooks.
The outlook in the US can best be described as "uncertain". Valuations are down because the market doesn't like uncertainty, but it doesn't necessarily translate into a future recession -- many of the economic indicators in the US are very positive.
OTOH, Europe is facing a hard winter unless an energy miracle appears.
The market is down 20% on the year, so that means that a lot of people are underwater on their options, so that the fact that yours still has some value means that you are doing better than many.
The outlook in the US can best be described as "uncertain". Valuations are down because the market doesn't like uncertainty, but it doesn't necessarily translate into a future recession -- many of the economic indicators in the US are very positive.
OTOH, Europe is facing a hard winter unless an energy miracle appears.
The market is down 20% on the year, so that means that a lot of people are underwater on their options, so that the fact that yours still has some value means that you are doing better than many.