Has the recent correction in stock prices run its course? Is it just taking a pause before continuing downward? If the market stages a full recovery, might future plunges lay ahead? "I wouldn't be surprised if we have a deeper sell-off later in the year. I think it's a tradeable bounce right now because we did test the 200-day 澳洲幸运5官方开奖结果体彩网:moving average. When you think about it, fundamentally things haven't really changed that much," said Sam Stovall, chief 澳洲幸运5官方开奖结果体彩网:investment strategist at CFRA, . Kristina Hooper, chief global 澳洲幸运5官方开奖结果体彩网:market strategist at Invesco, agrees. "I would expect whiplash to continue. The negative 澳洲幸运5官方开奖结果体彩网:animal spirits that are in the market today don't look ꧃like they're ab💎ating," .

After enduring a 10.2% correction from the record high close on January 26 through the close on February 8, 澳洲幸运5官方开奖结果体彩网:the S&P 500 Index (SPX) has rallied, cutting the net decline to 7.3% through February 13. Nonetheless, the 27 million worldwide readers of Investopedia still have deep concerns about the securities markets, as measured by the 澳洲幸运5官方开奖结果体彩网:Investopedia 🐽;Anxiety Index (IAI).

'Pandora's Box of Concerns'

Hooper indicated to CNBC that there mi🌟ght be multiple corrections of 10% or so during the next 10 months. The government report released on February 2 indicating that wages had risen by 2.9% during the past year "opened up a Pandora's box of other concerns," in her opinion. Specifically, that report spurred expectations of higher inflation and higher interest rates, sending the yield on the 10-Year U.S. Treasury Note to close at 2.852% on February 2, up from 2.773% at the open, .

Other analysts, CNBC says, worry that evidence of accelerating inflation may cause the 澳洲幸运5官方开奖结果体彩网:Federal Reserve to raise interest rates faster than currently expected. Hooper also notes that concerns are mounting regarding tax reform and the growing 澳洲幸运5官方开奖结果体彩网:federal budget deficit, which will bring a flood of new government debt on the market, pushing interest rates up yet higher. In the end, despite her expectations that stocks will endure a "lumpy or bumpy" ride in 2018, Hooper nonetheless told 🌟CNBC that equity prices could be 10% higher by year-end.

Some observers see parallels today with the 澳洲幸运5官方开奖结果体彩网:2008 financial crisis and the 2007–09 澳洲幸运5官方开奖结果体彩网:bear market. Just as then, complex securities and trading strategies had a role in the recent correction. (For more, see also: Stock Sell-Off Has 𒊎Worrisome Simi𝓰larities to 2008 Crisis.)

Others see echoes of the 澳洲幸运5官方开奖结果体彩网:1987 stock market crash and ensuing bear market. They were touched off by computerized 澳洲幸运5官方开奖结果体彩网:program trading and 澳洲幸运5官方开奖结果体彩网:algorithmic trading gone wild. (For more, see also: How Algo♚&n♋bsp;Trading Is Worsening Stock Market Routs.)

Those with a long sense of history worry about sky-high equity valuations reminiscent of those that preceded the great 澳洲幸运5官方开奖结果体彩网:1929 stock market crash. (For more, see also: 🅠Why The 1929 Stock M🎉arket Crash Could Happen In 2018.)

Unusual Correction

David Bianco, chief investment strategist for the Americas at Deutsche Asset Management, wrote in a note quoted by CNBC, "it's very unusual for a correction to begin as S&P EPS estimates are being revised up❀ward. And there has been no sud🅠den new news suggesting this trend is about to reverse."

Stovall, per CNBC, suggests that a market-beating strategy would be to buy the sectors that did the worst during the correction, as well as the 12 sub-industry sectors that fell the most. The three worst-performing sectors, he noted, were materials, healthcare, and energy. Goldman Sachs Group Inc. recently recommended a similar strategy. (For more, see also: 12 Stocks To Buy For Market's Upturn: Goldman Sac꧒hs.)

Bottom Reached, Technicians Say

Some 澳洲幸运5官方开奖结果体彩网:technical analysts believe that the market has reached bottom, CNBC says. Hopeful signs for them is that the S&P 500 closed above its 200-day moving average on February 9, and above its 100-day moving average on February 12. Robert Sluymer, technical analyst at Fundstrat Global Advisors, also thinks that the index has bottomed out. However, he tells CNBC that he would reconsider if the index does not surpass its 50-day moving average, which was 2,720 as of February 13, ﷽and🐲 2.1% above the close for that day, .

Unfazed Bull

Michael Wilson, chief U.S. equity strategist at Morgan Stanley, is unfazed by the recent correction. "One last surge of euphoria" among investors may bid 澳洲幸运5官方开奖结果体彩网:price/earnings (P/E) ratios up towards 18.5 times EPS by mid-year, with the S&P 500 hitting 3,000 "before settling back down by year-end," per a note of his . That would be an increase of 12.7% from the Februa🍌ry 13 close, and 4.4% above th🃏e record high on January 26.