The selloff last week is like the 87's crash but to a much smaller scale a big single day drop..lots of sloshing and an eventual rebound. There was no second drop or anything like that. Just a single big drop and all upside afterwards. The fundementals are great. PE ratios are under control. The economy is good. Rates under control. Great time to buy.
Yup, just look at the pull back to around 1800...thats what im talkin about...long here, at this point, seems foolish, another fright may occur so it might.
Yea there was some volitility after the big drop but my point is that there was no second 'big drop'.