Top Ten Myth's of Tuesday's Market Correction

The link in the title is a great article about what probably did (and what definitely did not) cause the big drop in the American stock markets on Tuesday.

To summarize:

1. Chinese regulators caused the meltdown.
2. It was Greenspan's fault.
3. Blame China's market crash.
4. A Dow Jones Glitch caused the plunge
5. Prices Fluctuate (And we got fluctuated pretty good!)
6. Stock prices will be higher six months from now.
7. Selloffs such as this are healthy.
8. The Fed stands by ready to cut if this gets much worse.
9. The market is not forecasting a weakening economy.
10. This had nothing to do with anything fundamental!

If you have any interest in the stock market, I highly suggest checking this article out. It expands greatly on the 10 points given above.