At the worst point of this correction the S&P 500 closed down 18.9%.
That was before the giant 10% gain the next day.
I don’t know if that was the bottom or not but it’s possible we just had another near-bear market (for now):
I don’t know why we’ve had so many close calls over the years but there have been a number of near bears over the years that were a hair from being down 20%.
This got me…
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