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“Is this 1987 all over again?” So pondered one Wall Street Journal columnist yesterday after markets fell in a plunge that, for some, brought to mind the Reagan-era crash known as Black Monday.


To be fair, things aren’t as bad now as they were then. The Dow Jones Industrial Average fell by 2.6% on Monday, which is a tiny fraction of its 22.6% plunge on Black Monday. Similarly, the S&P 500 saw its biggest one-day drop in nearly two years – notable, but hardly a generation-defining sell-off. Markets seemed to be rebounding slightly by Tuesday.

Still, even if some headlines were a bit hyperbolic, investors were spooked. And the strikingly fast shift in sentiment could have implications for the Federal Reserve. Economist Chris Decker of the University of Nebraska Omaha explains why the latest job figures have investors so worried and what's likely to happen next.

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Tracy Walsh

Economy + Business Editor

Dark skies ahead? Tomohiro Ohsumi/Getty Images

Attention, jittery investors: Stop panicking … this is what a soft landing should look like

Christopher Decker, University of Nebraska Omaha

Slowing job growth should come as no surprise.

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