Per that “scary” chart, even if the DOW crashes monumentally as indicated by that chart (around a 22% drop) and settles at 12500 then it’s still no big deal actually…we’re still DOUBLE what we were during the 2008 financial crisis. And that is IF the worst case scenario hits.
The market has just gained so much in the last couple of years that it needs to crash 50% in order for a true crash… nobody is going to sweat a 15-20% correction after having gained about 250% since the bottom in 2008.
AND if you take the chart for what it is, then per that chart after the correction it should regain about 10% of the correction almost immediately so we’re talking about a 10% net correction after all which is absolutely nothing…
My personal view is that we are going to hit 18000 or more before there are any signs of a correction. We are probably a year or two away from that.
