Market Oversold? Dow Jones Down 500 Points, J&J Sliding More

There are two sides to every coin. Is the market oversold? One of TheStreet's top editors tells investors how to think.
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The Dow Jones Industrial Average got hammered for what seems to be the millionth time in the second half of 2018. 

The Dow Jones lost more than 500 points Monday Dec. 17. The S&P 500 lost 54 points, and the Nasdaq lost 156 points. 

Investors were pondering the impact of what seems to be a slowing global economy, as well the Federal Reserve's probable rate hike to come this week. 

But U.S. stocks have been in free-fall, and UBS Chief Investment Officer Mark Haefele said, regarding potentially easing trade tensions, "This week's progress reinforces our view that equity markets had priced in too much pessimism," in a note to clients. 

Meanwhile, Johnson & Johnson (JNJ) - Get Report continued its rough slide, on fears of what cancerous chemicals could be in its products. RealMoney's Kevin Curran breaks down what actually matters for one of the U.S.' largest companies.