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Dow runs risk of worst one-day point drop in history as sales turn panicky

Watching the stock market day-to-day is a fool's errand. Long-term investments are really the only smart way to invest in the stock market, unless you are a professional investor who is dedicating your time solely to investing. One or two-day drops like this are really not that important unless they are supported by the fundamentals of the economy being poor. Realistically, this is just hedge funds and institutional investors rebalancing their portfolios given the likely increase in interest rates over the course of the next year. And as another astute poster said earlier, nobody lost any money in these drops unless they sold their investments (an illogical move). Buying during a downturn is a much better strategy, as in the long term, the stock market generally rises. There's a reason Warren Buffett is so damn rich, and it's not because he panic sells on days like Monday.
 
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