Lmao. So what exactly is a "turnaround in the market"? A 2% intraday drop? A 10% correction? Or do do you wait for your portfolio to lose 50% of its value before realise that "the market has turned around". Market tops have always been defined by euphoria. Name me a major market top that wasnt defined by euphoria and extreme complacency. There is none. LMFAO. ET posters are not a sample of the majority in the marketplace? Maybe they arent but what makes you think that they are smarter or more saavy investors than the average joe out there? Most of them are probably net losers cos they have been permashorts for the past few months, at least the average Joe has been making money for the past few months. Perhaps the market will really top out if the stupid shorts on here will stop selling into every single fucking rally.
Does the 7% drop have to happen in one trading day? If so, then I'd say no...but it sure is likely over a few days to a week...