The stock market suffers on. Is it that big a deal? You’ve seen the graphs of the Dow Jones Industrial plunging off into “here be dragons” territory. Here’s the same graph, except since 1970:

(source)

In that context, it looks like we’re doing just fine.

Except I suppose that the financial industry seems to be capable of enormous leaps of threshold logic. This is the system that is predicated on ‘if you’re not growing you’re crashing’. So perhaps a marginal dip really is enough to send the whole house of cards floating to the desk. Who knows? My guess: nobody much.