The market has gone up like 150 points last few trading days. A...

The market has gone up like 150 points last few trading days. A 100 point correction would not mean much in the overall picture.
But the fact that people think a 40 point down day is odd just shows how few bears are in this market and how bullish (too bullish) sentiment is. Not saying it'll crash but a few signs are there. Overvalued stocks, no correction last three months, hardly any bears.

Suddenly people think a 40 point upday is normal while a 40 point downday is the weirdest thing.