Some Wavering

The market has wavered a bit in the last couple weeks, but before that, it was continuing its tear.  We've seen some significant day-drops over the last two weeks, but it always seems to recover.  Today was my adjustment day and the day was one of those big drop days.  It was down well over 200 early but Cathy's account had a big sale last month, so she and I both are starting to get a significant amount of cash in our accounts - close to 40%!  Considering that, at the beginning of 2009, I had to add cash just to do anything in the account (we were truly at zero.)  Now I feel we have enough to withstand a significant drop.  Especially since I am confident I would play by the rules (as opposed to last time...see the history.)  I'm still not convinced that it would have helped in 2008/2009, but I know I would if that scenario were to repeat, regardless.
I'm taking business classes now, and just today we had a discussion about whether the stock market affects the economy and vice-versa.  I maintain that it does not, since a majority of people affect the economy, but a small minority of people affect the stock market.  Just my take.  The economy is just now starting to show signs of life, whereas the market has been going blockbuster since mid-2009.
All of the accounts were down a bit this time, although I believe they were all probably up a couple weeks ago.  I don't know for sure, because I tend to not check them mid-month.  I think that's the better way to go - that way there's no temptation to cheat.
Something did happen that hasn't happened before in our accounts - Whole Foods split at the end of las month, so now Cathy has twice the number of shares.  It had reached the $100 mark, which many companies split at, because there is a perception that a company is too expensive to buy for the average investor at that price.  Again, just my opinion, but probably not far off.  I had to go back in the history of the stock on the spreadsheet and adjust all of the prices to half, so the chart wouldn't show a huge fall.