For perspective, take a look at this list of the largest intraday changes in the Dow: http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jon

For perspective, take a look at this list of the largest intraday changes in the Dow: http://en.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average http://en.wikipedia.org/wiki/List_of_largest_daily_changes_i... That page shows 40 specific days in stock market history that have seen a 6% or greater change. In that context, a 1% decline by noon EST is no big deal.