…….in the old days we called this “selling”. You can Wikipedia it, as I realize it is very unfamiliar to many new entrants to stock market investing winning. Selling was largely thought to be eradicated in late summer 2010, much like smallpox, but it appears a virulent strain has escaped a lab deep inside the Federal Reserve. We will work to contain this menace and our normally schedule “only up” market shall resume soon. Authorities are mobilizing. Please take this opportunity to buy the dip.
Until the 20 day moving average is broken on a closing basis, these so called “dips” are all just detours to Dow 40,000.