Partially made up for todays bullish session. The dow gained 76. S p jumped 0. 72 . And the nasdaq too. We have to ask ourselves what could get us to make up the rest of the lost ground . I think first we need to analyze the proximate causes behind the decline. There are a lot of competing explanations out there. We have to get to the bottom of this. Many people are blaming this selloff on the fed. I need to disagree here. The fed stayed the course at this meeting they had, didnt do anything different from what anybody expected. A predictable event. That went off without a hitch. Dozen cause a 2 decline. Plus, its not like the closely watched ten year treasury jumped on last weeks fed meeting. It was basically wall street speak for unchanged. Sure, you can argue that the employment number on friday was pretty strong. It doesnt help. It doesnt illuminate anything. So many hedge funds want rates to go higher so they can make more money off the short position. The betts against the market
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