Average intra-year decline in S&P 500 since 1980 is 14.2% - don’t panic

I was told it was black Monday though

quote:

---

I was told it was black Monday though

---

We are going to run out of cool names if we start assigning them to 3% down days

quote:

---

I was told it was black Monday though

---

Calm reassurances don't drive clicks, my dude.

Now, I am of the opinion this is a legit correction that has the potential to roll into something quite significant. But, let's not pretend that the Dow wasn't over 41k less than a month ago or that everyone is not still up, overall, for 2024.

The overbought condition has to be resolved back to equilibrium. Any down catalyst (earnings, jobs report, etc.) is likely to have amplified effects until collectively, the sentiment is that the equilibrium has been reached. The market is, at the end of the day, a collective/aggregate assessment of the emotional state of equity holders.

Bump