"Here's Why the Stock Market Is Dropping — and What You Should Do About It Now
On Thursday, the Dow dropped 546 points. Following an even more tumultuous Wednesday, the index has now plunged nearly 1,380 points in just two days. The stock market, which seemed to be humming along with the rest of the U.S. economy, may look wobbly."
http://time.com/money/5421793/stock-market-crash-dow-investment-advice/
Great article, which reiterates what I and others here have been saying all along. Still though, I wonder why you chose to quote that one paragraph, out of context, making it seem like this it's all negative. Why didn't you also quote these paragraphs?
"While 1,300 points sounds like a lot, the Dow Jones Industrial Average began Wednesday at more than 26,400. So the decline ultimately represented a loss of just over 5%. In other words, the stock market is back where it was in roughly mid-July."
"
If you are a broadly diversified buy-and-hold investor — as you should be — your U.S. stock holdings are still likely up slightly on the year."
"The correct reaction to a one-day market move is, of course, to
do nothing at all."
"After all, it was only
in February when the Dow plunged 1,175 points in a single day —
the biggest point drop in history. Soon after that, the stock market quickly recovered and went on to
new record highs."
"What’s more, while traders partly
attribute the latest Dow drop to rising interest rates, that should be good news in the long run. Don’t forget: The Federal Reserve is acting because the economy is so strong it’s in danger of overheating. In other words, all this could well turn out to be another blip."
"you should be aware that sooner or later stocks will face a major sell-off.
The current bull market — now nine years old — is the oldest in history. "
