With the Fed keeping interest rates so low for so long, what tools do they have left to "boost" the economy? Not as many. And with the markets tanking right now, should policy makers be nervous?
A market correct was long overdue. Hopefully, this pullback is simply a correction rather than a plunge, because if there is a plunge, I'm not sure whether the government has many tricks up their sleeve to stabilize the markets.
Just on a personal note, I hope this swoon puts a damper on the housing prices, which are totally ridiculous.