It is true it could bounce back, but how often is it formally stated that we're in a recession. I predict the next week or so is going to be rough.
I have to say, the more I watch the daily price/volume action, the more convinced I am becoming that the Bears are out of bullets, and the bottom for the next cyclical Bull may be in. Not sure what will happen after a 50%, or so, retracement, but I continue to accumulate whenever the market dips. Unfortunately, each dip is higher than the previous, but I have to thank the shorts for make these low, low prices available. Christmas is definitely for bargain shoppers this year.