It's the Economy, Stupid: Why the Stock Market Is Nothing to Worry About

By
Peter Coy
Most of what Americans produce is sold to other Americans; exports account for just under 14 percent of U.S. gross domestic product Photograph by Daniel Acker/Bloomberg

It’s natural to worry when the Standard & Poor’s 500-stock index experiences its worst three-day loss since 2011 and the Dow Jones Industrial average hits a six-month low. But your job is likely to be safer than your portfolio. Economists surveyed by Bloomberg are still looking for the U.S. economy to grow at a healthy 3 percent pace in the last three months of 2014 and at the same clip in 2015.

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