We just witnessed the biggest 1-day point drop in the Dow Jones Industrial Average’s (DJIA) history. However, it’s not the biggest percentage drop to occur; it doesn’t even break the top 50. Remember black Monday in 1987, the Dow lost 508 points, that’s a 22.8% crash. The DJIA fell 1,175.21 points, or 4.6%, to 24,345.75. The other major indexes dropped about the same percentage. What does all of that mean? Too often we talk about the market as this nebulous term, an all-encompassing adjective when discussing fluctuation. I would like to take a moment to talk about what this drop means. Nothing. The recent down turn in the DJIA doesn’t mean that much in the grand scheme of things. Let’s …
