Commentary
On Feb. 21, the stock market got hit by a freight train. It surprised a lot of people because unlike the groundhog, they were starting to warm up and think the winter in stocks had ended.
After all, the people who identify as technical analysts brought out their charts and showed why the market could be moving into “bull territory.”  Charts sometimes find themselves at the bottom of the sea. Perhaps the worst was over! Statistics were on the chartist’s side. Only 9 percent of the time does the American stock market follow a down year by another year in the red. Even after the debacle on Tuesday, we are still in the green this year….