Anybody know why the DOW has rallied to being only 178 pts (1.56%) down..was expecting a bloodbath from all the doom in gloom postings??
I think possibly people are seeing a bottom.
It did not reach as far down as July lows, so people are buying into the bounce heavily.
It will need to be seen whether this is a dead cat bounce and it will reach new lows, or whether it will be taken as the turning point and the market will move up from here.
Riveting stuff though!
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