Christmas eve’s stock apocalypse was another buy-the-dip moment, reports Bloomberg.
It was the night before Christmas last year, the worst moment of Wall Street’s bleakest holiday season in decades. Staring at another 400-plus-point plunge in the Dow, its fifth in seven days, the Federated Investors fund manager worried he’d been too generous with presents for the kids.
“Market’s going the wrong way and you’re worried. ‘Hey, did I spend too much?”’ said Chiavarone, whose firm has around $530...
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