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The big stock market drop reminded some skittish investors of “Black Monday” in 1987. On that fateful day the Dow crashed -23%.

The S&P 500 has fallen 6% in the last five days.

Time to freak out?

Nope.

First, some context. Prior to the stock market selloff that began last week, it had been 404 trading days since the S&P 500 corrected more than -3%. On the heels of the best January (S&P 500 +5.6%) since 1997, that was the longest streak going all the way back to 1928. What goes straight up, eventually comes down.

Earlier this morning, Hedgeye CEO Keith McCullough called into The Macro Show live from Boston, where he’s meeting with institutional investors. He explained what happened on Monday and how this market is nothing like 1987.

“In 1987 there were drastically different economic conditions, profit conditions, and drastically different expectations for things like emerging markets and Russia,” McCullough explains in the clip above.

Instead of drawing comparisons to the stock crash of 1987, investors should be avoiding other more risky asset classes.

Watch the above clip for more insight.

McCullough: This Market Is Nothing Like 1987 - the macro show