Biggest single day drop since 2001. It is coming of a long bull run, but I don't think its over. Its 4th quarter and yearly reporting time...let that cool off and I think it will keep rallying. The sad part is oil's grip on all the indices movements. Once the Iran issue is moved a bit further toward an agreement I think the 70 dollar mark will begin to drop and hopefully cross back into the 50's. Also remember it was only a couple of weeks ago that the DOW hit 11,000!
Have faith...now is a time to buy more! Stocks are long term, so just lenthen the term a bit more. Or buy some Option Puts and make money off the stocks losses.
Tim
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