The S&P 500 fell 1.4% today, the 26th daily decline of 1% or...

The S&P 500 fell 1.4% today, the 26th daily decline of 1% or more this year. This seems like a lot but is actually quite normal for the stock market (the average year since 1928 has had 30 such declines). Without downside risk there would be no upside reward.