As you can see the markets took a significant drop. I do not say significant because the drop was large but because it is in January 2015. There is a saying, and the evidence seems to back up the saying, that the market for the year goes the same as January. So January sets the stage for the entire year.
The Dow 30 was down over 300 points and the S&P 500 was down over 30 points with the Nasdaq also down over 70 points. Technical analysis also shows that these may drop even further. We shall see and hope that January can end up overall.