The stock market fell into correction starting on August 18. And it has been fighting valiantly to make its way back in the more than two months since. But to simply say that the stock market has been in correction over this time period obscures perhaps a more notable aspect of the recent decline. For this has not been a pullback marked by gradual declines followed by a subsequent gradual rebounds. Instead, it has been marked by isolated violent spikes lower in what has otherwise been a market that seems to want to trade higher on any normal trading day. Why do these details matter? Because it highlights both the opportunities and risks confronting investors in today’s stock marketplace.
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