The New York Stock Exchange’s astonishing and worrying drop is a huge hit, signalling that times of constant growth may be coming to an end, infers Anthony Mirhaydari of CBS News. The Dow Jones’ symbolic decline of 666 points is the worst since October 2008 when Lehman Brothers went out of business. This unexpected collapse has undone much of the past year’s growth. Tension in DC over the Russia story and the possibility of a new government shutdown likely influenced this outcome. Stocks have been oversold and are likely to bounce up again slightly, but this is a good opportunity to cut losses as further decline awaits.
The stock market’s dip is not a full-blown crash, and not as bad as some have theorized, believes Jordan Weissman of Slate. Drops like these happened in past years and have already been forgotten. This is because they are so natural. Monday’s decline of 1,200 points sounds bad, but the stock market is bigger than ever, meaning it takes more points to achieve as big of a downturn. Furthermore, stocks just got pushed back to their December 2017 height, hardly a catastrophic loss. It’s still not certain what caused this drop, but the market is likely to recover in the long term. Fiddling with portfolios now would be a mistake.