[Jim from C-Town]

It is due for a modest decline. However, continued good economic news is now the cause of the decline. The medicine, low interest rates & never ending QE, the Fed was feeding the market for so long is bound to be cut back. Like any addict the market is experiencing withdrawal symptoms. Once they pass, a stronger more robust market will return.

Buying opportunity.

[robroys woman]

I remember about 15 years ago that a 300 point drop was a catastrophy. Now I see 666 and say, meh.

[Proud_texan]

"the Fed was feeding the market for so long is bound to be cut back"

Couldn't agree more and higher interest rates have been blamed for this down turn and doubtless if the Fed still has more than two brain cells they will raise them even faster than previously announced. IMO they should have never been as low as they were as I am a student of ripping the bandage off fast burns out the inefficient and promotes faster healing.

But I wonder if it's more that now the economy is firing on all 8 if the Fed will start unwinding their absolutely atrocious balance sheet. If they're ever going to do it now is the time.

All in all some big down numbers but as a percentage it ain't 1987. In fact over the next couple of days I expect to do some shopping.