Don't Worry about the March 22, 2018 Decline - It is all about 9 points a day

Today's decline was a bit ridiculous. There was a time this year where the thought was that the stock market, the Dow Jones Industrial Average, who easily eclipse 28,000 before the end of the Summer. The above graph displays why we should not be surprised at the recent downturn. The above graph shows the rate of growth from September 19, 2017 to March 22, 2018. The endpoints are 22,370 and 24,000. The DJIA added 1630 points or 8.85 points per day. If you look at the other line, between March 24, 2017 and March 22, 2018 the growth was 3401 points over 363 days, or 9.37 points a day. If we added 9 points a session, every session over the past 12 months, we would have ended today at 24,000. If we added 8.85 points a day, nearly nine points, since September 19 we would have just about cleared 24,000 for the first time today.  We were growing at 9.89 points a day between March 24, 2017 and September 19, 2017. Are you worried about 8.85 points a day versus 9.37 points per day or 9.89 points a day? Really? What if I told you that we might gain 3200 points by this time next year? Dow 27k anybody? That would be a 13% growth rate. Not too shabby.

It's the economy.