Stock Market Bottom Remains Elusive Despite Deepening Decline
U.S. stocks are in the midst of their longest selloff in decades.
Whether they are close to bottoming is anyone’s guess.
Market selloffs have long stumped strategists trying to predict when they were close to done. Some have concluded with bursts of panicked selling. Others, such as the one lasting from 1973 to 1974, ground to an end after days of subdued trading volumes.
Many investors and analysts looking back at historic pullbacks believe that the current…