Dow Drops 1200 Points, VIX up over 100% by msully

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· @msully ·
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Dow Drops 1200 Points, VIX up over 100%
![](https://steemitimages.com/DQmeHb7tkFVHsveGq8N9M34psmpJQEQBProRQZGmiXz7iFw/image.png)

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.
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<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by Sully from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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