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Continued Slump Puts Stocks into the Red for 2018
So much for the fat gains in stock prices for January as a 5% decline last week erased all of January's gains and then some. Stocks have declined an average of 10% over the past 10 trading days. This is a painful turnabout, but one that every investor had long been predicting.
Where do we go from here? Despite last week's carnage and breathtaking volatility, there are signs that stock buyers are still present in the market. This contrasts with the sharp decline in 2008 when selling pressure was overwhelming.