From Société Générale strategist Andrew Lapthorne comes the chart above, and the observation that ”It has been 408 days since the last 10% correction in the MSCI World index, the 8th longest period on record.”
As the char above shows, this is just about the median length of time between corrections. The mere fact that we have not had a 10% or worse correction for a long time tells us very little about the state of the secular bull market, but it does make the odds of that 10% correction a little better as time goes on. Note this is an inevitable truth in any periodic event.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
10 Responses to “Over 400 Days Without a Correction”
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