Investors can’t seem to stop trying choose the bottom of the stock market, no matter how bad the news – and it continues to backfire. However, the day for a real recovery is likely to come soon.
Consider: Last Thursday, September Consumer Inflation Report much hotter than expected, with the core CPI hitting a 40-year high. Initial feedback is exactly what you’d expect —
S&P 500
trading dropped 2.4%—but then it started going up…and up. The index finally ended the day up 2.6%, for the first time since 2008.
