Monday, October 29, 2012
S&P 500 5% Corrections: Current Bull Market
Looking at the average and median magnitude and length of the prior declines during the current market shows that the S&P 500 typically pulls back between 7.7% and 8.3% over a period of between 19 and 22 days. Given the fact that the most recent high was 40 days ago, the current pullback would rank as the third longest of the bull market. For the sake of reference, if the current pullback were to reach 'average' or 'median' levels, that would imply a decline to about 1,350.
Posted by Bud Fox at 5:58 AM