The crash that began last week steepened, the four day sell-off totally almost 1800 points, one of the worst four day stretches in the history of the DOW. Looking at the five year chart, the red bar looks shocking. And looking at the one year chart I have attached, stocks closed basically at the lows of last fall.
The entirety of the gains of the last year have been erased.
The analysts argued on television whether or not we have seen a bottom. The majority of the talking heads squawked to buy buy buy...however, I advise caution. That crash down will not be reversed in a day. Until China stops crashing, no end to this downtrend will occur. Be cautious.