If you were like Rip Van Winkle, fell asleep in early August and just woke up you would think nothing had really happened to the stock market. All the tumult from mid-August until now is a thing of the past. The market has come back almost all the way to the high it was experiencing.

“After a tumultuous and brutal August, the stock market has regained its footing and is within striking distance of the record highs it set in July.”

“The surge began building before the Federal Reserve cut interest rates last week and has come at a time when news from the housing market remains bleak.”

“Conditions in the debt markets have eased somewhat, but specialists say they remain much tighter than they were earlier this year.”
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