Was it only two months ago that market conditions couldn't have looked better? The Dow Jones industrial average ran to new peak after new peak, accompanied by five-year highs for the S&P 500 and the Nasdaq. Then whammo, all three indexes were staggered following the Shanghai exchange's 9% plunge in late February. Huge selloffs rocked Asian and European markets, as well.
Many gurus have called this simply a blip, an overdue correction in a market destined to move strongly higher. And indeed, starting in March stocks regained some of their lost ground. So should you be nervous or not?
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