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False Bottom or Start of Something Big: On This Rally’s Stamina

  • S&P 500 heads to best three-day gain in near nine decades
  • Bear market bounce? Or the beginning of a new bull market?
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Goldman's Kostin Says S&P 500 Will Trough at 2,000, Rebound to 3,000 in 2H

In the stock market lately, only one thing is constant: speed.

After falling into a bear market at the fastest rate ever, the S&P 500 just recorded its quickest three-day advance in nine decades. As absurd as it may seem, the Dow’s already started a fresh bull market -- up more than 20% from the lows -- after more than $2 trillion in value was created in three days.