In last week’s commentary, we offered Five Reasons Not to Panic ( and suggested that the stock market was due for a bounce, rewarding those that stayed invested. After last week’s bounce of greater than 10% this week we would like to see a pause with the market holding on to the gains. That is because big up or down moves in the markets are often quickly reversed leading to a volatile, rollercoaster ride that fails to inspire the confidence of long-term investors.

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