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How Badly Was the Stock Market Damaged?
Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the time to sell. -- John Templeton Now that the Standard & Poor's 500 Index has had its first decline of more than 10 percent since 2011, it is time to assess the technical damage. There is little doubt the past week has bruised the bull market. Since the run began in March 2009, we have had similar or bigger sell-offs. Quite a few pundits and commentators, though, have said that this one “feels different.” That sort of ... (full story)
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