The following from Ritholtz.com tabulates the frequency and extend of each meaningful corrections
I would bet that at almost all these corrections, 50-80% of the folks will be calling this the market top.
[Source | Ritholtz]
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Man
Tuesday 24th of September 2013
Hi,
IMHO, the focus of the chart is not the frequency or extend of the corrections, but to see where the index was in 2009 and now...and do some reflections. ...If we buy anytime from 2009, even at the eve of every corrections, we are still better off now, compared to waiting for a crash, or trading in and out. The key is to invest long term... Obviously, it is easy to say than done, as our bias and intuition often affect our decisions.
Cheers Man
steviec
Tuesday 24th of September 2013
any strategies to go with this finding?
Kyith
Tuesday 24th of September 2013
Not really. We thought by historical u know every 10 months there will be one but the start of thee run there are much more corrections
U would need to take up some serious trend finding skills to make this useful