Dividend Growth Investors tend to look at stocks in terms of their dividend. If the company has a history of raising the dividend and pays out a dividend at a certain level, it's worth buying and holding. They generally don't sell their stocks unless the company stops paying the dividend. As a result, they always see falling stock prices in terms of increasing dividend yields. The more stock prices fall, the higher the dividend yields become. And that gets them excited.
Assuming that the markets are falling due to some external event rather than a change in the inherent ability of the underlying companies to produce future revenues and earnings, dividend paying stocks become real bargains. A real opportunity. And that's what excites all those Dividend Growth Investors. And that brings in price support.
"And I had an old fashioned idea that dividends were a good thing."
So if you're one of those Dividend Growth Investors, stop worrying about how far the markets have fallen and start getting excited about how nice those yields have moved up. All your favorite stocks are suddenly on sale!