Following the slide at the tail end of last week the DJIA dropped over 1000 points today with even more losses after hours. This drop is the single biggest point value loss ever for the Dow and markets one of the biggest market declines during the current bull market.
Along with this drop in equities, the VIX, which captures market fears, has catapulted up over 100% today indicating less that optimistic market sentiment. As such, ETFs such have the XIV which trade off of the VIX have taken a beating over the past few trading days and may be near dissolving if the price drops much lower.
Could this 4-5% correction in the market be the sign of further equity problems or do you think there will be a bounce. Personally, I think that economic data is still strong for the US and while this is a quick correction I don't think this is the end of the rally.
