Investors are buying the dip for now, but the market rout is likely not over

(CNBC) The swift correction in Nasdaq and technology stocks has cleared away some of the market’s speculative froth, but there is likely to be a period of choppiness before stocks begin a new march higher, strategists say. Stocks staged an impressive spring back rally Wednesday, but ended the day off their highest levels. The Nasdaq recovered 2.7% after a three-day 10% decline, the quickest correction ever.

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