FYI: As of the market’s close yesterday the S&P 500 was down 9.4%. Not quite a 10% correction but it’s a stone’s throw away.
The question all investors would like to know is how much further this downturn has to go.
The answer is I don’t know and neither does anyone else.
But we can look back historically to see how many corrections turned into bear markets or crashes to get a better sense of the potential range of outcomes.
Regards,
Ted
https://awealthofcommonsense.com/2018/10/when-stocks-fell-10/
Comments
Even a bad plan is better than no plan at all.”
Hum...I don’t have a plan. I better get to work!