Is today's price recovery the end of this market 'crash'? The flash in 2010 saw prices plummet some 10% and then magically recover almost all those losses into the close. But.... we ended up heading below those prices over the next week or two before the selling abated.
The odds that today's price recovery is nothing more than a relief rally are very good.
In it's darkest depth during 2008 and 2009 the big collapses in price had spikes to the upside interlaced. While I think anyone buying here will be able to sell for higher prices in the long term, over the short run I don't think we are out of the woods just yet. But that doesn't mean its not a great spot to be buying if you have a long time horizon.