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Well, that was a wild ride yesterday, says David Callaway in MarketWatch. Trying to figure out when stocks will change direction is a “loser’s game,” says John Waggoner in USA Today, so just “hang in there” . . .

So, now what?

Well, that was a wild ride, says David Callaway in MarketWatch. Call yesterday’s “breathtaking” stock rally what you will—“a snapback rally,” a “dead-cat bounce”—but it was certainly “the most dramatic example in U.S. stock market history” of why small investors should stay in a turbulent market. Did it mark an end to the 2008 bear market bust? “Hardly.” In fact, the market’s “unwillingness to just capitulate and get the worst over” probably means weeks more of turmoil. But it was a glimpse of the eventual end of the credit crisis. And for anyone nervously eyeing his 401(k), it was a “badly needed reminder” that stocks “go in more than one direction.”

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