Ryan Avent -- demonstrating once again that some enterprising publication should hire him immediately -- offers the smartest commentary you'll read on the stock market today:
Today’s conventional wisdom seems to be that the recent market rally has hit an apex. My assessment is that it has either hit an apex or hasn’t, in which case it will go up or down.
This is 100 percent true. By contrast, analyses of today's stock market drop that do not say this are not 100 percent true.
