Chris Versace, Chief Investment Officer at Tematica Research, discusses the Dow's 1,000+ point drop, the second in less than a week and the second largest drop ever recorded.

Versace is not concerned about the 10% drop but adds that everyone should be if the market drops another 10%. At that point, we would officially be in bear market territory. He still advises young people who may be skeptical about the drop to stay in the market.