Actions and Reactions
Down markets, like up markets, are both dazzling and delightful. The shock and awe of near back-to-back 1,000 point Dow Jones Industrial Average (DJIA) free-falls is indeed spectacular. There are many reasons to revel in it. Today we shall share a few. To begin, losing money in a multi-day stock market dump is no fun at all. We’d rather get our teeth drilled by a dentist. Still, a rapid selloff has many positive qualities.
Memorable moments from the annals of dentistry. – Click to enlarge
For example, the days following a market correction are full of restoration and redemption. Like the prayer of Saint Francis of Assisi, Tuesday’s 567 point DJIA bounce brought hope where there was