Stocks rallied Wednesday, and the Nasdaq bounced back after its fastest 10% decline ever, as investors looked for bargains among beaten-down tech and momentum names.
Historically, the market has been a weak performer in September, and stocks could stay under pressure for awhile even there are rallies. Stocks staged an impressive spring back rally Wednesday, with the Nasdaq recovering 2.7% after a three-day 10% decline, the quickest correction ever. Stocks like Apple, Tesla, Amazon and Microsoft all gained sharply. The S&P 500 was up 2.4% , and the Dow also jumped 2.3%. The small cap Russell 2000 lagged with a 1.5% gain.
"We're saying range bound," said DeSanctis. "Until the market answers all these questions, it's hard to see the same type of blow off we saw in July and August."
You Guys post some real pessimist, Debbie downer sht. This America. Also DDTG stoolpresidente say STOCKS ONLY GO UP!
Good. I missed a chance to reverse my money flow out of bonds and into equities. Be nice to get another chance.
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