Obviously if it keeps going down, that’s bad. But it looks like it’s at a support level and still much, much higher than it was 5 years ago. (Using SP500 as a proxy for the market at large)
In: Economics
You are correct to not be panicking. Remember that the financial news sites NEED to have a headline story 24/7, so when SP500 is up, they’ll scream BOOM and when it’s down they’ll scream CRASH.
To the extent that people are worried, it’s because the stock market is now joining a whole bunch of other financial indicators that suggest that the USA is heading into a recession. However, those same indicators also indicate that it would be a super-mild recession, with unemployment only around 5%. There are a few high-risk businesses that look to be in trouble, like crypto, but the old-fashioned “stuff you can drop on your foot” manufacturing sector looks fine. So some stocks will drop, but there’s no reason to expect a big market crash.
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