Of course, with the recent spate of sell-offs, it has investors wondering whether the pain is over. Some analysts say the worst might be over, but the volatility could be lingering through 2019.
“I’m not sure we made a bottom. We certainly may have made an interim bottom here, and when valuations get to these levels it solves a lot of problems,” said Maris Ogg, president at Tower Bridge Advisors. “The crazy gap downs are probably over, but I’m not expecting the gap up.”
Furthermore, with the markets roiled by volatility for much of the fourth quarter, earnings reports could trigger even more sell-offs.
“I think the fourth-quarter earnings calls are not going to be fun because you’re going to see the magnitude of the softening,” Ogg added.
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