Market Roundup
Dow
16,093.51 (+210.83)
Gold
$1,098.40 (+$0.20)
Oil
$32.18 (+$2.65)
The parallels between the market action so far in 2016 … and the action during the bear market of 2007-09 … are uncanny.

The powerful waterfall declines.

The massive oversold readings they generate.

The intense (but short-lived) bear-market rallies that follow, usually inspired by some policymaker somewhere trying to come up with a “solution.”

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