Two spooky statistics with SP500 2002-2007 current bull run. For extended bull runs over 200 weeks without a 10% correction The current run is 228 weeks from 10/11/2002. The 3 previous cycles that ran over 200 weeks, 1957 to 1962 (216 weeks), 1982 to 1987 (263 weeks) and 1994 to 1998 (224 weeks) all ended with a bang and were down 29.93% on average._ Ref: theChartStore.com Weekly blog Jan 26, 2007. For extended bull runs where the S&P 500 Composite moved higher during the inversion of the 10 year U.S. Treasury Yield/Effective Fed Funds Rate. The current run is 7/14/2006 to now of 33 weeks for SP500 change of 16%. Previous two were 9/29/1978 to 5/23/1980 of 87 weeks for SP500 change of 8%., 1/20/1989 to 1/12/1990 of 52 weeks for SP500 change of 19%. Ref: theChartStore.com Weekly blog Nov 24, 2006. BUT THIS TIME, BOTH HAPPENING AT THE SAME TME !!!!
Bulls should want at least a 3% correction, the higher this market runs without a pullback the more severe the correction in my opinion.