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Stock market skeptics struggle to time next correction
After about 28 months without a substantial correction in stocks, some investors are getting antsy trying to time when the next 10% or more drop will occur. Speculation peaked early this month as the S&P 500 SPX +0.17% pulled back from its mid-January high, lowering the index 6% from that record. Then stocks rebounded in a four-day streak that broke Wednesday. Stock-pickers debated whether we had started the long-awaited market correction — in technical parlance, a drop of 10% or more — or even worse, were tipping towards bear territory — a drop of 20% or more. The re-emergence of the “scary Dow 1929 ... (full story)
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