I stumbled up a statistic yesterday that I found interesting, over the last 90-years there has been a 3% stock market correction, on average, every 21 days. Consider that prior to the start of this recent correction the stock market went 300 days without a 3% drop. As I write, the S&P 500 is off its recent highs by about 5%. Although the first thirteen days of the correction were scary (and unfamiliar), it appears as if we’re back to something where volatility looks more normal. Now we wait to see if the stock market breaks up, or breaks down. ...read more
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