We didn’t plan to have an update this weekend—end of year tends to be a quiet time—but the markets were wild enough that they warranted a brief market recap. After declining to less than 1% away from an official bear market, the Dow was sufficiently oversold to have its largest point bounce in history. It is our view that the current rally is of the countertrend variety, and the correction/bear market is not yet complete. … read more Newsletter #196—A Wild Week