Suppose for a moment, as per your wish,that blood will flow. When would you get back in? September 2006, September 2007 or September 2008?
Just curious. Since the market is made up of the sum of its stocks, how would the market only drop 10% if all of its components would be down by the 30% or 40% that you would like to see?
Bingo. You took the words out of my mouth. He clearly cannot have it both ways, though he would probably be happy with either.
Any other smart cats in here have a comment about the 30-40% before I lay the knowledge smack down on you three? lol Come on now, after trading for 3 years, the lot of you must be more advanced then this.
"Take all stocks down at least 30-40% Take the market down at least 10%" Unless one is talking about some other market that does not include the "stocks down at least 30-40%," or about stock index futures that are not always precisely correlated with the cash index, there is nothing else to say. It is an impossibility.
Dude its an election year, the markets are the only thing the party in power can hang their hat on, I dont think a 10% correction is going to happen for that reason.