Stock Market Fragility

The first time I heard the term “V-bottom” was in 2013.
A V-bottom is when stocks go straight down and come straight back up as if the fall was just a figment of our imagination. The idea that stocks could do this cemented itself in the fall of 2014, during the ebola virus scare.
The S&P 500 fell 7.5% in 19 sessions. It took just 11 days to erase those losses.

Stocks have always been volatile.
There were …

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