How Badly Was the Stock Market Damaged?

Real harm was done and any recovery may be a slog.

At least he doesn't have his hand on his face.

Photographer: Ulrich Baumgarten/Getty Images

Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria.  The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the time to sell.

-- John Templeton

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