Apparently nobody knew that we were in or going into recession! The reaction to this “news” was significant. It shows how emotional this market continues to be and that could be a huge factor in the coming months and days. These types of reactions and wild swings both up and down often are signs of the markets trying to form a bottom. Time will tell of course! Here are some relevant articles to consider. Multiple Valuations measures continue to show stocks at their lowest valuations since 1974 and 1982 which were market bottoms.
When No Means Yes
US Stocks Dive
Some Encouraging Developments
Surveying the Freakout
Selling At The Wrong Time
Previous Bear Market Stats
What Is Paulson Trying To Do?
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