Tue, 21 October 2014
What a difference two weeks makes. When Danielle Park and I last spoke, Wall Street was partying like it was 1999. Now things are not so good. A 9 percent correction and you can feel the panic start to set in. Will it continue or is this just a normal correction? The problem is that nothing about this market is normal and there hasn't been a normal correction since the crash. Volatility is up and so is fear. Is this the start of a secular bear or is there still time for more fun and games? We'll know the answer soon.
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