Investors were buckling in their boots as the Dow Jones Industrial Average took a steep plummet of over 1000 points on Monday. This decline was the largest drop to ever be record in a single day, but much like climate change, the present should not dictate your entire sense of judgment.
“This is a natural breath in the market,” Jaime Quiros, a CFP at FBB Capital Partners told CNN Money. “We were expecting a correction throughout all 2017, we were expecting it to take a breath. How deep it is we just don’t know.”
Perhaps this is a mere surprise that will not pose prolonged effects on the economy. The volatile nature of the Dow can’t be correctly analyzed when observing it on a day-to-day basis.
“Let’s look at the big picture — the economy is improving, more people are working, they’re seeing more money in their paychecks, and tax reform will boost the bottom line of businesses and households,” Bankrate.com‘s chief financial analyst Greg McBride noted. “If the market is falling, that means it’s now on sale, “