Wow, another wild day, with a sharply lower open followed by steady buying. AMZN's earnings report gave the market a good excuse to go down if that is what it wanted to do. Instead, AMZN closed higher after a -12% reading after-hours on Wednesday.
If the bottom is already in, and only time will tell if that is true, for many stocks experienced that rare V-shaped bottom. While the gains off the lows are startling, in terms of percentages, it was a very small window for folks to get in near the lows.
Two losers include GDX, and GLD, this even while physical silver broke thru $17 an ounce for another new recovery high.
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