Stock Carnage Evokes Hope of 2016-Style Rebound. A Lot's Changed
- Latest correction has investors seeking clues in past drops
- Fed at far less favorable place in cycle for equities
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In the quest to calm themselves as stocks stage one harrowing lurch after another, investors are looking to the past for a roadmap. One comparison that has been inspiring hope is the bruising spell of volatility that swept markets in early 2016, since it ended with a giant rally.
As ever, using it to model the current sell-off requires caveats.