Down by the end of the day on Thursday. There's still another 2,500 points (at least) the Dow will lose by September. Big money pulled a lot of $ out of stocks this month. The highs are getting farther and farther away.
1) bounce after big sell off
2) oil bounced as well - demand didn't change from two days ago
3) mutual fund managers that short close their positions on Friday and reset them on Monday
There's a reason Google, Netflix, Facebook, and Disney are ALL far off their highs.
We had our 15% correction. The year was flat. Now after the fed raises rates .25% markets will start going up for the Santa Clause rally into the end of the year. Our economy is doing great and good news will be good news for the market going forwards! No inflation 2016 will be a good year. And fitbit will go up also.