$2 here we come...., page-474

This is good copy & paste stuff to keep...
Ive gone over these numbers and researched other gurus...so called...this is good stuff...great research...

This is the stock market, there is no normal correction. But you can do some statistics. Since the GFC ten years ago (down 54.25% in 339 days) we have seen the following Australian market corrections:

• Minus 16.34% in 55 days.
• Minus 22.75% in 122 days.
• Minus 21.51% in 239 days.
• Minus 9.96% in 72 days.
• Minus 5.13% in 111 days.
• Minus 6.63% in 57 days (the correction in February).

If you average those then the average correction is 13.72% and takes 109 days. The current correction has been 13.2% and it has taken 59 days. On that basis we have already completed an average correction in half the usual time. It’s been pretty savage as corrections go.
The conclusion is that whilst the trend is clearly down in the short term, and you have to respect the trend, we are assuming this is a normal correction. The ingredients for a more significant long-term market sell-off don’t appear to be there and it is too late to sell. We consider this a momentary loss of poise for investors, and having sat it out this long would be foolish to do anything precipitous now.