Traders work on the floor of the New York Stock Exchange at the start of the trading day in New York, on a day when the the Dow Jones Industrial Average lost nearly 300 points in reaction to a drop in the price of oil, among other factors on January 20, 2016. Photo: EPA
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The market’s ‘buy the dip’ mindset is close to breaking point

It would also be a mistake to be overly confident. At some point, a dip will turn into a nasty sell-off. The only question is when.

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Traders work on the floor of the New York Stock Exchange at the start of the trading day in New York, on a day when the the Dow Jones Industrial Average lost nearly 300 points in reaction to a drop in the price of oil, among other factors on January 20, 2016. Photo: EPA
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