The Economy Is Fine: 7 Reasons Investors Shouldn't Panic
The stock market just landed a stunning one-two punch to investors' portfolios. The Dow Jones Industrial Average dropped 666 points, or 2.5%, on Friday, Feb. 2, then plunged a record 1,175 points more, or 4.6%, on Monday, Feb. 5.
As of Monday's close, the setback wasn't even officially a correction (down 10% from the market peak) and nowhere yet near a bear market (down 20%). Are there more losses to come? Or is this just a dip--one meant to be bought, perhaps?
Investors might look to the underlying U.S. economy, finally gaining steam after years of so-so performance, for clues. They'll find little evidence to sell. Consider:
U.S. GDP Growth Is Accelerating
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