“Recency bias” often has us seeing present circumstances as somehow more impacting than similar occurrences in the past. The present correction being no exception.
Take a look at Doug Short’s chart of all of the draw downs of the current bull market: click to enlarge…
Of the double-digit percent declines occurring over the past 9 years, thus far this one’s the least ugly for the S&P 500.
In case you missed it, be sure to take in this week’s message…