With that market drop, the DowIndustrials Index is still above both the value three months ago as well as a year ago. The NASDAQ is below its value three months ago, but not below the value a year ago. The S&P 500 index is near the value of three months ago but still higher than a year ago. It all looks for now like just a market correction. Only time will tell if it is the beginnind of something more, though in my own view the stock markets ARE overvalued, on a fundamentals basis, and more drops would not surprise me.
The Soros Crowd is trying to provoke a panic sell-off.