As the Dow ended down 1,175 points, the worst in more than six years, some people grew a little worried and stressed that their stocks were taking a hit. But Wall Street, as a whole, remained calm.

Over the last two days, stocks have recovered some of their recent losses but remain beneath the record highs they set last month. After a slightly lower open Wednesday, stocks recovered within the first few minutes of trading, only to slip and briefly turn lower by mid-afternoon. The Dow ended the day down 19 points at 24,893. Three area financial advisors said Wednesday this week’s market correction was expected, writes Donna Rovins in The Times Herald.

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Those local advisors were in a agreement that the fluctuations were not a cause for alarm, and in fact were a positive sign.

“The way I look at it — good news caused this — not bad,” said Peter K. Hoover, CEO, Hoover Financial Advisors of Malvern. . “It’s not a sign of weakness, but rather a sign of strength.

“The fundamentals of our economy didn’t change overnight, there was nothing bad that precipitated the correction — just strength. It’s kind of odd, but strength caused it to go up last year. Now that strength caused it to take a step back.”

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