It's also significant given the overall state of the market. http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart http://www.macrotrends.net/131

It's also significant given the overall state of the market. http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart http://www.macrotrends.net/1319/dow-jones-100-year-historica... http://www.multpl.com/inflation-adjusted-s-p-500 http://www.multpl.com/inflation-adjusted-s-p-500 Even accounting for an overall growth trend (e.g. real GDP) the market is looking quite overbought and prepared for a major crash. Signs of weakness like this are significant. It certainly doesn't guarantee a crash, but it's newsworthy IMO. Especially in the context of a decade of QE and the fed raising rates.