Thanks for the informative post, China Guy!
I’m not investment banker or investment anything but I divested most of my holdings from the market around that same time. I was getting twitchy, expecting a correction at least a year or so ago. I missed out on some of the top end of the market, but I got a lot of mileage out of 2008-2017 and my stuff is well protected atm from this downturn.
I think the OP has been answered already, but myself I think a market correction was overdue, that with all of the uncertainty that Trump brings along with the trade war and the fact that a lot of the rest of the world is having economic issues (one has but to look at China’s stock market to see REAL issues) and the FED finally increasing interest rates (again, something overdue) that the market was going to drop. I think China Guy’s post on the technical aspects of why we have corrections like this was also a good point.
WSJ’s take(s) on recent market behavior here:
Rebuttal to the WSJ article: The Market Is Down! Round Up the Usual Suspects!
“The Dow managed to gain 617 points this week, easily the best performance of the month.”
http://cnn.com/2018/12/28/investing/dow-stock-market-today/index.html
I was wrong.
Well, wait a week.