Reuters
- The stock market has been taking a historic pounding over the last few days.
- In part you can blame the fact that inflation, a force virtually unseen since the financial crisis, has reappeared on planet Earth.
- It is changing economic conditions, and making the world a riskier, more volatile place for Wall Street.
If you’re concerned about the fact that the Dow fell an ominous 666 points on Friday while other economic indicators are looking sound, or you’re worried because, on Monday, the Dow tumbled 1,100 points in its biggest point-drop ever, you can remain calm — the market is just experiencing regime change.
That is to say the specific economic conditions in which we now find ourselves have changed the market as the world has known it for almost a decade. The winds have changed, and Wall Street is getting to know its new master. It’s a painful process.See the rest of the story at Business Insider
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