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Why The Sell-Off Might Be Different This Time
The stock market is on a tremendous, multiyear bull market, though of course there have been a lot of dips along the way. But something seems to be different about the recent sell-off in stocks (which is continuing Monday). Dan Greenhaus of BTIG writes: What we find most interesting about the five session, 2.3% drop in equity prices, is not the shallowness of the decline, nor its length (or lack thereof). It was the speed at which sentiment shifted from bullishness to bearishness. Newspaper articles, television commentary and client interactions all appeared to shift on a dime, suggesting that perhaps, just maybe, ... (full story)