Stock Market Drops, But It's Not Time To Panic

Stock Market Drops, But It’s Not Time To Panic by Brad McMillan, Commonwealth Financial Network.

Yesterday was a bad one for the markets, with the S&P 500 falling almost 1.5 percent. With this morning’s additional drop, we’ve broken the 100-day moving average.

Time to worry?

Not yet. I’m writing this now to get ahead of the curve, since it looks like we may be in for a bit of a drawdown. As of this morning, the S&P 500 is down a little over 3 percent, which is nothing to worry about, but it might head lower.

Putting this market drop in context

There are a few things to keep in mind here:

• The stock market is still up more than 10 percent for the...
  

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