Stock Market Drops, But It’s Not Time To Panic by Brad McMillan, Commonwealth Financial Network. Yesterday was a bad one for the markets, with the S&P 500 falling almost 1.5 percent. With this morning’s additional drop, we’ve broken the 100-day moving average. Time to worry? Not yet. I’m writing this now to get ahead of the curve, since it looks like we may be in for a bit of a drawdown. As of this morning, the S&P 500 is down a little over 3 percent, which is nothing to worry about, but it might head lower. Putting this market drop in…
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