This is the more meaningful way to look at it. A 1,000 point drop when the market is at 5,000 is MASSIVE, and would be concerning. A 1,000 point drop when the market is at 40,000 isn't even a correction. 4 1,000 point declines would represent a 10% pull back, in a market that was inflated by massive money-printing. Again, not overly concerning when markets are known to move up and down. Its all Fear Porn by the MSM, and some on here buy into it hook, line and sinker.
People think I'm an idiot or something, because all I do is cut lawns for a living.