Clean this up right now.
The S&P 500 will continue to flag until it reaches somewhere in the vicinity of 1529. It's old pre- Bear high point. Then it will go up for a long time. (with the usual zigs and zags) That is, supposedly, the history of these secular cycles.
I must say, it's certainly seems to be happening on schedule.
We'll see how well this works out in a year or so.
So 1529 is about 18% down from where we are now add that to the 12% since last year's highs and that would make for a total of about a 30% correction, would be a tremndous buying opportunity..:)
I think I will start rebalancing/ buying more stock at about 20% down... Not that I'm timing the market, no, no.. perish the thought..:)