Traders see bad day as `slightly overdue,’ not a reason to panic

TRADERS WORK ON THE FLOOR of the New York Stock Exchange in New York. / BLOOMBERG NEWS PHOTO/MICHAEL NAGLE
TRADERS WORK ON THE FLOOR of the New York Stock Exchange in New York. / BLOOMBERG NEWS PHOTO/MICHAEL NAGLE
NEW YORK – With major indexes like the Standard & Poor’s 500 index and Nasdaq having their worst day since late June, traders across Wall Street say they generally aren’t seeing panic among investors. A quick survey by Bloomberg News of 10 sell-side and buy-side traders saw a “little uptick in hedging activity” on Tuesday…

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