China, Hong Kong, and European markets all fell hard before the Dow even opened. A lot of it due to China tightening credit to avoid a bubble to slow down growth as its GDP is predicted to be above 10 percent.
Plus, the dollar has soared in value, in part due to the Obamacare boondoggle being crippled by the Mass vote. The strength of the greenback drove down the prices of gold, copper, etc and commodities and resource stocks which was also refelected in the markets fall.
Add to that the markets were over due for a pull back when traders and investors take their profits and this fall is not surprising.
Spot on. You should write for ABC News...obviously the author of this piece hasn’t a clue about what really moves the market.