Today Was "The Worst Day of 2014"

Today was the first truly bad day of 2014 for the stock market. The Dow closed down 175, although off the lows, while the Nasdaq and S&P 500 shed half a percent each. In the recent past, these have been shrugged off. But that was in the pre-taper environment, when dips were scarce and corrections were federally outlawed.