Not sure latest bear market scare is over
December jobs data could settle the debate over recession, meanwhile
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IF JOBS reports help US stocks rise for the third week in a row this week, the latest bear market scare may be at an end. That's a big "if."
Major indexes rallied last week to pare losses for January, but still endured a historically bad opening to the year.
According to Carter Worth, analyst for research firm Cornerstone Macro, this was the ninth worst January for the broad Standard & Poor's 500 in its 80-year history. Considering the first two weeks of the year were the worst start in all that history, most investors breathed a sigh of relief at the bell on Friday.
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