Intel lost 50% of its value in a week. But it's up 50% from last year.

Anyone paying attention knows the market is in a weird place, and large swings today are the small swings of the past. It's hardly a "plummet" when the amortized line for the past month, including today, is mostly a linear decline.

We've had a couple of single-day 4% drops over the past few months too. Oh no, the market is the lowest it's been in... 3 months!? This is the largest decline we've seen in... 4 months!?

Could it be a market correction? Could it be a full-on collapse? Sure.

But is a single 4% drop worth a headline "plummeting into correction territory"? Not really.