Chart of the Day: How Bad Is It So Far? Comparatively speaking...

"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...