Lastly, since 1950, February is one of the worst months of the year, with only September worse.
We are encouraged by the big reversal in stocks last week and we think stocks are in the process of forming a meaningful bottom. But the truth is, this year is going to be much more volatile than last year and investors had better buckle up their seat belts if the first month is any indication.
Ryan Detrick is chief market strategist for LPL Financial.