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NEW YORK — Is it safe to come out now?
The stock market has found firmer footing following its breathtaking drop earlier this month, when the S&P 500 lost 10.2 percent in just nine days. Stocks climbed Tuesday for the third straight day, and the S&P 500 is now down 7.3 percent from its record high, set on Jan. 26.
But investors have seen this playbook before. Even in past recoveries, it has sometimes taken months or more for momentum to fully turn around.