Friday, January 15, 2016

Equities: Well This Doesn't Sound Good

From Business Insider:
On Wednesday stocks got crushed and officially entered a "correction," defined as a 10% drop from recent highs.

This is the second time in the past six months that this has happened — remember, stocks fell 10% in August in just a few days — and these two corrections in such a short time don't look good, historically.

Any single correction isn't, in and of itself, a problem, but the speed with which stocks dropped into correction territory almost back-to-back has been seen only three other times in the past 100 years.

And these are not years that market historians want to hear: 1929, 2000, 2008....MORE