The script from late last summer has played out to near perfection in early 2016.

Prices looked ready to collapse into the abyss.  The market poised for a nasty correction, and then just as abruptly as the sell-off began, prices recover.  The recession calls of weeks ago turn into calls for the bull market to return.  Stocks come back in vogue.  And the sellers at the lows look like fools just weeks later.