S&P Now Lower than it was a Year Ago (markets, worth)

[BeerGeek40]

I'm convinced that the party is over, but there will be some up days as well, like we have seen previously after the big drops. The market is so due for a 20% correction - it's not funny....

[NewbieHere]

How much has it dropped so far.

[BigCityDreamer]

Originally Posted by NewbieHere

How much has it dropped so far.

The S&P is 11% below the high reached on September 20. That is typical correction territory.

Hopefully, the bloodbath doesn't continue.

[mathjak107]

Nasdaq ,the Russell , small cap index , etc are all down way more from the high.

Most funds have a lot of fang and are likely in the down 15% or more area

[NewbieHere]

Originally Posted by BigCityDreamer

The S&P is 11% below the high reached on September 20. That is typical correction territory.

Hopefully, the bloodbath doesn't continue.

So maybe we have another 10%. However, I have a feeling, it will pop up suddenly, we will not be prepared.

[mathjak107]

as it always does .

before you realize it is not a suckers rally you end up getting in higher then you bailed usually

[BigCityDreamer]

Originally Posted by NewbieHere

So maybe we have another 10%. However, I have a feeling, it will pop up suddenly, we will not be prepared.

It is extended well below the 50-day MA. So yes, the probability is that it will pop back up before we know it.

That is unless there are more serious issues going on with economic fundamentals that we don't know about.

[NewbieHere]

Originally Posted by BigCityDreamer

It is extended well below the 50-day MA. So yes, the probability is that it will pop back up before we know it.

That is unless there are more serious issues going on with economic fundamentals that we don't know about.

It’s less negative now than earlier. I sense we’ve been oversold lately.

[lottamoxie]

Originally Posted by BeerGeek40

The market is so due for a 20% correction - it's not funny....

What do you think's been going on the last 3+ months? The market is already in correction territory. 20% drop is considered a crash, in investing terms.

[lottamoxie]

Originally Posted by ohio_peasant

These are truly exasperating, miserable times.

I remember several months ago you declared it miserable when the market was up, and spoke of waves of guilt and a growing fear of the market dropping.