The stock market has been an utter horror for investors these past few days. In what has been a most unpleasant interruption to the persistently dreamy trading bliss over the last several months, stocks have actually (gasp) gone down over the last several trading days (oh, the humanity!). But while the recent decline of less than -4% has certainly generated its share of desperate media pleas in search of when the worst will finally be over, this so called crisis isn’t even a crisis (at least not yet), as the signs of broader stress to the underlying financial system are mostly lacking at this stage. Instead, the recent decline may simply be a sign that investors are finally looking for opportunities somewhere other than stocks for a change.
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