Last October individual investors were heavy buyers following the 190-point drop, assuming that the market would soon regain its losses.
Twenty minutes later, by 3:07 pm, the market had regained most of the 600 point drop.
The bad times did not materialize, and the market slowly but surely regained its equilibrium.
"I would say the market has regained a little sanity."
Earlier in the day, the market regained almost all the ground lost in the selloff on Friday.
Now the market has regained a good part of its losses.
Though the market regained substantial ground yesterday, fears persist of further turmoil.
In effect, the market was only regaining some ground lost after a small selloff last Thursday.
The market solidified and regained over 70 percent of its losses the same day.
The market regained that ground, and then some, after the inflation report yesterday morning.