I think 51% is a bit doom-n-gloom. I think 33% is closer to what we'll see the pullback get to eventually.
U.S. stocks have rallied nearly 15% since the start of June, and one expert said that means the market is ripe for a pullback.
"We've just come too far, too fast," said Sean Clark
1. a rally does not "mean" anything.
Why did it rally? What causes stocks to go up?
Was there a economic boom?
was there an influx in corporate margins?
What would that occur? What happens when it does occur?