Down 224.38(1.37%) 12:05PM EST
Besides, the effect on the US economy is just about nothing given we're one of the world's largest producers of wheat and corn and with fracking, we're soon to be almost awimming in natural gas.
Yawn...The market rose 26.5% last year. That whole time there was never a pullback of greater than 6%. The one period from late May to late June when the S&P pulled back 5.7%, it was described by the media with words such as "slide", "crash", "panic", "plunge" and other similar hysteria-inducing adjectives. That was little more than half of a correction. So many folks have been hyper-sensitized to react to the smallest of market moves. This activity: big deal. Our markets won't be allowed to correct, much less crash.