Last Friday stocks fell and continued to fall after the closing bell. A terrorist attack in Paris had investors selling stocks first and asking questions later. A week later the market had finished answering those questions with its best rally of 2015. The fear inducing terrorist attacks ended up being a tremendous buying opportunity, as most of the fear headlines have been since the the March 2009 lows.
As I noted as the week began, the $SPY was at a point that marked previous buying opportunities.
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