Indeed. And the next 20% drop is going to hurt more than the last one, simply because of how high the markets have risen over the last peak-before-correction.
MAYBE. After breaking out of all time highs, it seems to take about 3 years before a huge correction.
And this is the sort of ideation I cannot stand. "It takes 3 years before a correction". Man, and we spoke about this recently, in person. I am disappointed in you. Look at your charts, and tell me why I am not doing futures holds since May of this year, after suffering the Feb 2018 and Oct 2018 drop? Seriously, study the damned charts! I have been caught in 4 fucking corrections in 2 years on my longs. I cannot SURVIVE another one. That is why I have not made back my money on those drops...Because surely another one is coming, so I cannot swing it back. So this "once every three-year shit" idea has GOT TO STOP!
If everyone here believes the market can continue this run then a simple tiny fractional 5% drop will have you crying and depressed. You will be screaming for the fed to jump in and save you. I'm telling you this is an extremely unhealthy market. The elevator drop always comes.
It is unhealthy only because of the trade war. No deals have been signed. This is a tenuous time. Bank earnings coming in like 10 days, I hope they are good.
what's the fixation about signing or no signing. even if a deal is signed it still depends on the actual execution. the good will is already demonstrated on the Chinese' part. the financial services market is not open. there is now less restrictions on the % owner ship of foreign capital companies. President Trump has done a great job. MAGA.