The latest string of losses have been triggered by worries about what the market would look like without more stimulus from the Federal Reserve, along with more trouble bubbling up in Europe, a slowdown in China, and higher oil and gas prices.
But experts say there's no reason to panic. In fact, there are plenty of signs that the market rally still has legs.
For starters, the Fed may be leaning away from another round of so-called quantitative easing, or QE3, for now, but Fed chief Ben Bernanke has made it clear that he will take the necessary to steps to keep the economic recovery, and in turn, asset prices, on the right track.
In addition to the Fed's support, experts say there are more reasons to refrain from hitting the panic button. From greater stability in Europe's financial system to attractive valuations, here are five reasons to keep calm.
Wall Street just closed out its best first quarter since 1998, and while most experts believe stocks will continue to head higher this year, the recent momentum will subside, and there could be a few dips along the way.
|Bill Gates: 'I feel pretty stupid that I don't know any foreign languages'|
|Wall Street bears warn: We're on verge of crisis|
|Fed stays 'patient' but rate hikes are coming|
|China issues scathing report on Alibaba|
|Bad dog! GoDaddy puppy commercial pulled from Super Bowl|