I first posted this chart in January & then again at the end of March. It shows the 2 corrections of 2012, one of 10% & one of 8% even as the $SPX and all broad markets were up more than 10% for the year. Both lasted 2 months which is notable and the current correction has lasted 1 month & 3 days so far….
People freak out during corrections while cockeyed risk taking gets washed out. Something to keep in mind here as the end of the world drums beat louder and louder…
Related:
2nd Quarter Outlook: Waiting for Godot
$SPY