What’s next for the market? More pain, if 1987 and 2008 are any indication

Stocks were rebounding early Wednesday, but there’s still a long way to go to claw back the one-two punch of losses earlier in the week. Monday and Tuesday combined for a drop of more than 6% on the S&P — the nastiest drop over any two-day stretch since the flash crash in 2015. The last time before that was way back in 2011.